Weekly inflation up by 0.11%

Islamabad


ISLAMABAD:The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.11 percent for the combined consumption groups during the week ended on July 11, the Pakistan Bureau of Statistics (PBS) reported on Friday.

According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 318.96 points as compared to 318.61 points during the past week.

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 23.33 per cent.

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

The SPI for the lowest consumption group of up to Rs 17,732, however, decreased by 0.17 per cent and went down to 310.46 points from last week’s 310.99 points. The SPI for consumption group of Rs 17,732-22,888 also decreased by 0.08 percent.

The SPI for consumption groups of Rs 22,889-29,517; Rs 29,518-44,175 and ab
ove Rs 44,175, increased by 0.02 percent, 0.09 percent, 0.19 percent respectively.

During the week, out of 51 items, prices of 23 (45.10%) items increased, 06 (11.76%) items decreased and 22 (43.14%) items remained stable.

The items, which recorded a decrease in their average prices on a week-on-week basis included tomatoes (19.47%), bananas (2.30%), wheat flour (1.85%), onions (1.55%), potatoes (0.86%) and eggs (0.61%).

The commodities which recorded an increase in their average prices on week-on-week basis included chicken (16.34%), powdered milk (6.07%), pulse gram (3.47%), lawn cloth (2.43%), long cloth (1.58%), milk fresh (1.37%), pulse masoor (1.23%) and pulse moong (1.02%).

On-year basis, the commodities that witnessed decrease included wheat flour (32.44%), chicken (16.40%), cooking oil 5 litre (14.74%), vegetable ghee 2.5 kg (11.60%), vegetable ghee 1 kg (11.18%), mustard oil (8.34%), tea packet (2.52%), rice basmati broken (1.99%) and eggs (1.16%).

The commodities that witnessed an increase in
their average prices on YoY basis included gas charges for q1 (570.00%), tomatoes (124.55%), onions (86.17%), chilies powder (55.00%), pulse gram (37.67%), garlic (36.20%), powered milk (33.33%), pulse moong (28.59%), shirting (27.08%), salt powder (26.79%), gents sandal (25.01%), LPG (23.93%), beef (22.59%), pulse mash (22.46%) and electricity charges for Q1 (21.46%).