SPI based Weekly Inflation in Pakistan increased
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ending October 17, 2019, increased by 2.36pc as compared to the previous week.
The SPI for the combined consumption group was recorded at 129.45 points as against 126.47 points registered in the previous week, according to latest data released by the Pakistan Bureau of Statistics (PBS).
The SPI for the lowest consumption group, up to Rs17,732, witnessed a 2.48pc increase, from 129.68 points in the last week to 132.89 points during the week under review.
As compared to the corresponding week of last year, the SPI for the combined consumption group witnessed an increase of 17.08pc, while for the lowest group, it increased by 16.06pc.
Meanwhile, the SPI for the consumption groups ranging from Rs17,733-Rs22,888, Rs22,889-Rs29,517; Rs29,518-Rs44,175 and above Rs44,175 per month increased by 3.05pc, 2.30pc, 1.94pc and 1.94pc respectively.
During the week under review, average prices of one item (banana) registered a decrease, while that of 27 increased with the prices of 23 items remaining unchanged.
The items that recorded an increase in their average prices included tomatoes, electricity charges, chicken, potatoes, pulse (masoor, gram), eggs, garlic, matchbox, wheat flour, onion, bread, toiled soap, firewood, beef, gur, LPG cylinder, mutton, mustard oil, milk (powdered), sugar, vegetable ghee, cooked daal, milk (fresh) and rice (basmati broken).