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Weekly inflation for combined income group eases 0.06%

byCustoms Today Report
28/08/2015
in Uncategorized
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ISLAMABAD: The weekly inflation for the week ended on August 27 for the combined income group witnessed decrease of 0.06 percent as compared to the previous week.

The Sensitive Price Indicator (SPI) for the week under review in the above-mentioned group was recorded at 213.57 points against 213.70 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).

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Similarly, as compared to the corresponding week of last year, the SPI for the combined group in the week under review decreased by 1.23 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 8000 was also decreased by 0.24 percent as it went down from 205.32 points in the previous week to 204.82 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, Rs 18,001-35,000 and above Rs 35000 decreased by 0.25 percent, 0.12 percent, 0.04 percent and 0.00 percent respectively.

During the week under review average prices of 09 items registered decrease, while that of 19 items increase with the remaining 25 items’ prices unchanged.

The items which registered decrease in their prices during the week  under review included tomatoes, bananas, chicken farm (live), potatoes, wheat flour (bag), sugar, wheat, vegetable ghee (pouch) and pulse moong (washed).

The items which recorded increase in their average prices included onions, cooked beef plate, curd, eggs hen (farm), cigarettes, electric bulb, soap, pulse maoor (washed), mutton, mustard oil and red chilly.

The items with no change in their average prices during the week under review included rice, irri-6, bread plain, milk fresh, powder milk, cooking oil (tin), vegetable ghee (tin), salt powder, long cloth, tea prepared cup, shirting, lawn cloth, sandal ladies, gents chapal, gents sandal, electricity charges, gas charges, kerosene oil, fire wood, washing soap, match box, petrol supper, hi-speed diesel and telephone charges.

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