Weekly inflation rises 0.8pc

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ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on September 3 witnessed an increase of 0.80pc as compared to the previous week.

The SPI for the week under review in the combined income group was recorded at 136.11 points as against 135.03 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 surge of 9.47pc.

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

The SPI for the lowest consumption group, up to Rs17,732, also witnessed an increase of 1.06pc, as it went up from 141.50 points in the last week to 143.00 points.

Meanwhile, the SPI for the consumption groups from Rs17,732-Rs22,888, Rs22,889-Rs29,517; Rs29,518-Rs44,175; Rs29,518-Rs44,175 and above Rs44,175 per month inched up by 1.01pc, 0.90pc, 0.86pc and 0.69pc, respectively.

During the week, prices of six items decreased, 20 items increased while that of 25 items remained constant.

The items that recorded a decrease in their average prices included bananas, sugar, mash pulse, rice (basmati broken) masoor pulse and wheat flour.

The commodities which recorded an increase in their average prices included tomatoes, onions, eggs, chicken, potatoes, matchbox, garlic, garm pulse, LPG cylinder, cooked beef, firewood, curd, toilet soap, vegetable ghee, washing soap, gur, cooking oil (loose), moong pulse, vegetable ghee (tin) and milk (fresh).

Similarly, the prices of commodities that observed no change during the week under review included rice (Irri 6/9), bread, mutton, milk (powdered) mustard oil, salt, chillies, tea (packet), cooked daal, tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, energy saver, petrol, diesel and telephone call charges.

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