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Weekly inflation rises 0.35%

byCT Report
02/07/2016
in Business
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ISLAMABAD: The weekly inflation for the week ended on June 30, for the combined income group witnessed increase of 0.35 per cent as compared to the previous week.

The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 217.46 points against 216.71 points registered in the previous week, according to data released by Pakistan Bureau of Statistics (PBS) here.

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As compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 1.13 per cent.

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 also increased by 0.38 per cent as it went up from 207.02 points in the previous week to 207.80 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 increased by 0.36 per cent, 0.36 per cent, 0.35 percent and 0.32 per cent respectively.

During the week under review average prices of 5 items registered decrease, while that of 14 items increase with the remaining 34 items’ prices unchanged. The items which registered decrease in their prices during the week under review included LPG cylinder, chicken farm (live), pulse mash, vegetable ghee and wheat flour. The items which recorded increase in their average prices included tomatoes, garlic, potatoes, bananas, onions, sugar, rice basmati (broken), cigarettes, pulse gram, curd, wheat, red chilly (powder), eggs (farm) and pulse masoor. The items with no change in their average prices during the week under review included rice irri-6, bread plain, beef, mutton, milk fresh, powdered milk, mustard oil, cooking oil, vegetable ghee (tin), pulse moong, gur, salt powder (loose), tea, cooked beef, cooked pulses, tea prepared, long cloth, shirting, lawn printed, georgette, gents sandal, gents shoes, ladies sandal, electricity charges, gas charges, kerosene oil, firewood whole, electric bulb, washing soap, match box, petrol, Hi Speed Diesel, telephone local call charges and bathing soap.

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