Weekly inflation decreases 0.54pc

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Islamabad: The Sensitive Price Indicator (SPI) for the week ended on April 18 for the lowest income group up to Rs.8,000 decreased by 0.54 per cent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 185.78 points against 186.79 points registered in the previous week, according to provisional figures of Pakistan Bureau of Statistics (PBS).

The weekly SPI has been computed with base 2007 2008=100, covering 17 urban centers and 53 essential items for all income groups and combined.

The SPI for the combined group also decreased by 0.36 per cent as it went down from 192.27 points in the previous week to 191.58 points in the week under review.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 3.92 percent.

As compared to the last week, the SPI for the income groups from Rs.8001 12,000, 12,001 18,000, 18001 35,000 and above Rs.35,000 decreased by 0.45 percent, 0.41 percent, 0.36 and 0.26 percent respectively.

During the week under review average prices of 14 items registered decrease, while that of 19 items increase with the remaining 20 itemsí prices unchanged.

The items which registered decrease in their prices during the week under review included onions, egg hen (farm), wheat, LPG (11 kg cylinder), gram pulse (washed), chicken live (farm), wheat flour (bag), bananas, red chillies (powder), potatoes, mustard oil, vegetable ghee (loose), fire wood and kerosene oil.

The items which recorded increase in their average prices included tomatoes, georgette, tea, moong pulse (washed), gur, massor pulses (washed), salt powder, lawn, milk fresh, curd, mutton, garlic, mash pulse (washed), energy savor, sugar, beef, cooking oil (tin), rice basmati (broken) and rice irri-6.

Courtesy: Pakistan Observer

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