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Weekly inflation surges by 0.11%

byCT Report
19/11/2016
in Business
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ISLAMABAD: The weekly inflation for the week ended on November 17, for the combined income group, witnessed an increase of 0.11 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 220.70 points against 220.45 points of the previous week, according to data released by PBS here on Friday.

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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 0.51 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 increased by 0.11 percent as it went up from 212.24 points in the previous week to 212.47 points in the week under review. As compared to the last week, the SPI for the income groups from Rs 8001 to Rs 12,000, Rs 12,001 to 18,000, Rs 18,001 to Rs 35,000 and above Rs 35,000 also increased by 0.10 per cent, 0.11 percent, 0.11 percent and 0.12 percent respectively.

During the week under review, average prices of 11 items registered decrease, while 10 items increased with the remaining 32 items’ prices unchanged.

The items which registered decrease in their prices during the week under review included chicken (farm), gur, pulse mash (washed), potatoes, bananas, onions, red chilly powder, pulse moong garlic and pulse masoor (washed).

The items which recorded increase in their average prices included eggs, LPG cylinder (11kg), sugar, cigarettes, wheat, fire wood, wheat flour ad rice irri-6.

The items with no change in their average prices during the week under review include rice basmati (broken), bread, beef, mutton, milk (fresh), curd, milk (powdered), mustard oil, cooking oil, vegetable ghee, salt powder, tea (packet), cooked beef, cooked daal, tea (prepared), long cloth, shirting, lawn, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, electric bulb, washing soap, match box, petrol, diesel, telephone local call and bath soap.

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