Weekly inflation rises 0.37pc

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on September 10 witnessed an increase of 0.37 per cent as compared to the previous week.

The SPI for the week under review for the combined consumption group was recorded at 136.62 points against 136.11 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 an increase of 9.04pc.

The weekly SPI with 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, witnessed a 0.13 per cent increase, from 143.00 points in the last week to 143.19 points during the week under review.

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 also increased by 0.23pc, 0.30pc; 0.37pc and 0.43pc, respectively.

During the week under review, the prices of six items decreased, 22 items increased while that of 23 remained unchanged.

The items which recorded a decrease in their average prices included tomatoes, garlic, bananas, potatoes, onions and sugar.

The commodities that recorded an increase in their average prices included chicken, moong pulse, mash pulse, eggs, gram pulse, georgette, wheat flour, masoor pulse, gur, matchbox, mutton, LPG cylinder, mustard oil, fresh milk, curd, rice (Basmati broken), bread, cooked daal, milk (powdered), cooking oil, vegetable ghee and beef.

Similarly, the prices of the commodities that observed no change during the week under review included rice (Irri 6/9), vegetable ghee (loose), salt, chillies, tea (packet), cooked beef, tea (prepared), cigarettes, long cloths, shirting, lawn, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, firewood, energy saver, washing soap, petrol, diesel, telephone call and toilet soap.

Abid Qadri
Abid Qadri
The writer works as an Economics and Business Journalist for Pakistan Today. He holds a Bachelors degree in Accounting and Finance from LUMS University. He can be reached at [email protected].

Must Read