Times of Islamabad

Sensitive Prince Index based weekly inflation increases in Pakistan

Sensitive Prince Index based weekly inflation increases in Pakistan

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation forthe week ending on September 17 recorded an increase of 0.71 per cent,according to the Pakistan Bureau of Statistics (PBS).

It attributed the increase to a rise of one per cent or more in prices offood items, including tomatoes (27.71%), eggs (5.69%), chicken (4.94%), andnon-food items i.e. energy saver (2.49%), washing soap (1.18%) andgeorgette (1.11%) with the joint impact of 0.70 into the overall SPI forcombined group of (0.71%).

On the other hand, a decrease was observed in the prices of bananas(4.74%), LPG (1.01%) and potatoes (0.23%).

During the week, out of 51 items, prices of 26 (50.98%) items increased, 3(5.88%) items decreased and 22 (43.14%) items remained constant.

The year on year inflation trend depicts an increase of 8.72% with most ofthe items seeing their prices soar, mainly tomatoes (87.94%), chiliespowder (86.31%), potatoes (69.71%), pulse Moong (41.71%), eggs (39.57%),pulse Mash (35.92%), sugar (26.66%), pulse Masoor (24.53%), bread (18.80%),match box (18.03%), vegetable ghee 1Kg (17.58%), gur (17.50%), wheat flourbag (16.41%), washing soap (15.86%), rice IRRI 6/9 (15.77%), long cloth(15.45%) and veg ghee 2.5Kg (15.31%). While a major decrease was observedin the price of onions (32.79%), chicken (23.75%), diesel (16.10%), garlic(12.33%), petrol (8.11%) and LPG (5.99%).