Weekly inflation eases 0.21pc
ISLAMABAD: The weekly inflation for the week that ended on August 18 for the combined income group witnessed an increase of 0.21 percent as compared to the previous week.
The Sensitive Price Indicator (SPI) for the week under review in the abovementioned group was recorded at 218.97 points against 218.52 points registered in the previous week, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
As compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 2.47 percent. 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.
Meanwhile, the SPI for the lowest income group up to Rs 8,000 also increased by 0.16 percent as it went up from 209.98 points in the previous week to 210.31 points in the week under review. As compared to the last week, the SPI for income groups from Rs 8,001 to Rs 12,000, Rs 12,001 to 18,000, Rs 18,001 to Rs 35,000 and above Rs 35,000 increased by 0.20 percent, 0.21 percent, 0.24 percent and 0.25 percent respectively.
During the week under review, average prices of eight items registered decrease, while 18 items increased with the remaining 27 items’ prices unchanged. The items, which registered decrease in their prices during the week under review, included tomatoes, onion, bananas, pulse mash (washed), pulse gram (washed), mustard oil and wheat flour (bag).
The items that recorded increase in their average prices included chicken (farm), garlic, eggs hen (farm), vegetable ghee (pouch), red chilly, gur, milk, rice basmati, curd, potatoes, pulse mash (washed), LPG cylinder, beef, sugar, mutton, rice irri-6, vegetable ghee (tin) and cooking oil (tin). The items with no change in their average prices during the week under review included wheat, bread plain, fresh milk fresh, salt powder, tea, cooked beef, cooked pulse, tea prepared cup, cigarettes, long cloth, shirting, lawn cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, fire wood, electric bulb, washing soap, match box, petrol, hi-speed diesel, telephone local calls and bath soap.