Weekly inflation witnesses nominal increase

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ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on January 31 for the lowest income group up to Rs 8,000 registered nominal increase of 0.03 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 185.23 points against 185.18 points registered in the previous week, according to provisional figures of Pakistan Bureau of Statistics (PBS) on Friday.

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

The SPI for the combined group increased by 0.06 percent as it went up from 190.60 points in the previous week to 190.72 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 6.77 percent.

As compared to the last week, the SPI for the income groups from Rs 8001-12,000, Rs 12,001-18,000, Rs 18001-35,000 and above Rs 35,000 increased by 0.01 percent, 0.02 percent, 0.03 and 0.13 percent, respectively.

During the week under review average prices of 14 items registered decrease, while that of 12 items increase with the remaining 27 itemsí prices unchanged.

The items which registered decrease in their prices during the week under review included egg hen (farm), LPG (11 kg cylinder), chicken live (farm), potatoes, gram pulse (washed), sugar, jaggery, masoor pulse (washed), vegetable ghee (tin), wheat, wheat flour (bag), red chillies (loose), cooking oil (tin) and vegetable ghee (loose).

The items which recorded increase in their average prices included tomatoes, telephone local call, onions, bananas, rice irri-6, moong pulse (washed), firewood, cooked dal, rice (basmati broken), mash pulse (washed), garlic and shirting.

The items with no change in their average prices during the week under review included bread (plain), beef, mutton, milk (fresh), curd, milk (powdered), mustard oil, salt (powdered), tea (packet), cooked beef, tea (prepared), cigarettes, long cloth, lawn, georgette, sandal (gents), chappal (gents), sandal (ladies), electric charges, gas charges (up to 100m3), kerosene oil, energy savor (14 watts), washing soap, match box, petrol, diesel and bath soap.

Courtesy: Daily Times

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