SPI inflation decreases by a nominal 0.05pc

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on June 11, for the combined consumption group, witnessed nominal increase of 0.05 percent as compared to the previous week. 

The SPI for the week under review in the above mentioned group was recorded at 127.85 points against 127.78 points registered in the previous week, according to the latest data of Pakistan Bureau of Statistics (PBS).

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed a single digit increase of 8.49 percent.

The weekly SPI with base year 2015-16, covers 17 urban centers and 51 essential items for all expenditure groups. 

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The SPI for the lowest consumption group up to Rs17,732 witnessed a 0.35 percent increase and went up from 134.30 points in last week to 134.77 points during the week under review.

Meanwhile, the SPI for the consumption groups from Rs17,733-22,888, Rs22,889-29,517 and Rs29,518-44,175 also increased by 0.26 percent, 0.19 percent and 0.10 respectively, however for the consumption group above Rs44,175 per month it decreased by 0.05 percent.

The items which recorded a decrease in their average price include chicken, bananas, onions, garlic, gram pulse, potatoes, masoor pulse and gur.

The commodities which recorded an increase in their average price include tomatoes, match boxes, eggs, wheat flour, rice, salt, milk, beef, cigarettes, curd, vegetable ghee, cooking oil, mutton and sugar.

 

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