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Weekly inflation reduces by 0.01%

byCT Report
08/04/2016
in Business
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ISLAMABAD: The weekly inflation measured through the Sensitive Price Indicator (SPI) has decreased 0.01 percent for the week ended April 7, for the combined income group as compared to the previous week.

According to data of Pakistan Bureau of Statistics (PBS), the SPI for the week under review in the above mentioned group was recorded at 216.65 points against 216.67 points registered in the previous week.

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However, as compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 3.61 percent. The weekly SPI has been computed with base 2007-08=100, covering 17 urban centres and 53 essential items for all income groups and combined.

Meanwhile, the SPI for the lowest income group up to Rs 8000 also decreased by 0.07 percent as it went down from 207.77 points in the previous week to 207.63 points in the week under review.

As compared to the last week, the SPI for the income groups from Rs 8001-12,000, Rs 12,001-18,000  and 18,001-35,000 also decreased by 0.06 percent, 0.05 percent, 0.03 percent and 0.05 percent respectively.

During the week under review average prices of 10 items registered decrease, while that of 13 items increase with the remaining 30 items’ prices unchanged.

The items which registered decrease in their prices during the week under review included garlic, chicken live (farm), potatoes, tea, wheat, onions, bananas, egg hen (farm), wheat flour (bag) and cooking oil (tin).

The items which recorded increase in their average prices included tomatoes, petrol, LNG cylinder, match box, hi-speed diesel, pulse gram (washed), pulse mash (washed), vegetable ghee (pouch), red chilli powder, gur, mustard oil, mutton and beef.

The prices of the commodities which remained unchanged during last week included rice basmati broken, rice irri-6, bread plain, beef with bone, milk fresh, milk powder, curd, vegetable ghee (tin), pulse masoor, pulse moong (washed), salt powder, cooked beef, cooked pulse, tea prepared cup, cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents slipper, ladies sandal, electricity charges, gas charges, kerosene oil, firewood, washing soap, telephone local calls and bath soap.

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