Sensitive Price Indicator based weekly inflation takes a dip in Pakistan

Sensitive Price Indicator based weekly inflation takes a dip in Pakistan

*ISLAMABAD: *The Sensitive Price Indicator (SPI)-based weekly inflation for the combined consumption group, as on Sept 5th, decreased by 0.24pc when compared with the previous week.

The SPI for the week under review in the abovementioned group was recorded at 124.28 points, as against 124.58 points registered in the previous week, according to the data released by the Pakistan Bureau of Statistics (PBS) on Thursday.

Meanwhile, the SPI for the lowest consumption group (up to Rs17,732) witnessed a decrease of 0.17pc, from 126.84 points to 127.06 points.

The weekly SPI with base 2015-16=100 covered 17 urban centres and 51 essential items of all expenditure groups.

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 16.55pc, while for the lowest group, it increased by 13.88pc.

The SPI for the consumption groups from Rs17,733 to Rs22,888 witnessed a nominal increase of 0.07pc, while that for consumption groups from Rs22,889 to Rs29,517, Rs29,518 to Rs44,175 and above Rs44,175 per month, it decreased by 0.02pc, 0.14pc and 0.40pc respectively.

During the week under review, average prices of 10 items registered a decrease, while that of 24 items prices increased with the prices of 17 items remaining unchanged.

The prices of commodities that recorded a decrease in their prices during the week under review included bananas, petrol, tomatoes, LPG cylinder, diesel, eggs, sugar, pulses (mash, moong) and rice (irri-6).

The items that recorded an increase in their average prices included tea (packet), chicken, garlic, onions, pulse (masoor), potatoes, lawn, long cloth, wheat flour, gur, milk (powdered), cooking oil, cooked daal, mustard oil, mutton, pulse (gram), cooked beef, vegetable chillies (powder), vegetable ghee (tin), firewood, milk (fresh), curd and rice (basmati broken).

Similarly, the prices of the commodities that observed no change in their price during the week under review included bread, beef, salt (powdered), tea (prepared), cigarettes, shirting, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, energy saver, washing soap, matchbox, telephone call and toilet soap.