Weekly inflation rises 0.45pc

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ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the combined consumption group witnessed an increase of 0.45pc during the week ending October 15 as compared to the previous week.

The SPI for the week under review in the above mentioned group was recorded at 141.36 points against 140.73 points registered in the previous week, according to the latest data issued by the Pakistan Bureau of Statistics (PBS).

As compared to the corresponding week of last year, the SPI for the combined consumption group during the week under review witnessed an increase of 9.20pc.

The weekly SPI with base year 2015-16=100 covers 17 urban centers and 51 essential items for all expenditure groups.

The SPI for the lowest consumption group, up to Rs17,732, witnessed 1.56pc increase, from 148.78 points in the last week to 149.76 points during the week under review.

Meanwhile, weekly inflation for the consumption groups from Rs17,732-Rs22,888, Rs22,889-Rs29,517; Rs29,518-Rs44,175; Rs29,518 to Rs44,175 and above Rs 44,175 per month also increased by 0.28pc, 0.42pc, 0.52pc and 0.50pc, respectively.

During the week, prices of nine items decreased, 25 items increased while that of 17 items remained unchanged.

The items that recorded a decrease in their average prices included bananas, onions, potatoes, garlic, moong pulse, masoor pulse, gur, gram pulse and electricity charges.

On the other hand, the commodities which recorded an increase in their average prices included chicken, eggs, tomatoes, LPG cylinder, sugar, matchbox, cooked beef, washing soap, cooked daal, mash pulse, rice (Irri-6/9), energy saver, milk (fresh), wheat flour, vegetable ghee, mustard oil, rice (basmati broken), tea (packet), tea (prepared), cooking oil (loose), long cloth, curd and beef.

Similarly, the prices of the commodities that observed no change in prices during the week under review included bread, mutton, salt, chillies, cigarettes, shirting, lawn, georgette, gents sandal, ladies sandal, gas charges, firewood, petrol, diesel, telephone call and toilet soap.

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