SPI based weekly inflation decreases 0.01 percent

SPI based weekly inflation decreases 0.01 percent
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ISLAMABAD: The weekly inflation for the week ended on October 25 for the combined income group registered nominal decrease of 0.01 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 238.46 points against 238.49 points registered in the previous week, said the data of Pakistan Bureau of Statistics (PBS).

As compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 5.82 percent.

The weekly SPI has been computed with base 2007-08=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 8,000 also remained unchanged by (0.00) percent as it was recorded at 219.33 points in the previous week to 219.33 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, 18,001-35,000 and above Rs 35000 also decreased by 0.01 percent, 0.01 percent, 0.02 percent and 0.01 percent respectively.

During the week under review average prices of 07 items registered decrease, while that of 20 items increased with the remaining 26 items’ prices unchanged.

The items which registered decrease in their prices during the week under review included onions, LPG cylinder (i11kg) rice irri-6, pulse moong (washed), pulse gram (washed) and gur average quality.

The items which recorded increase in their average prices included potatoes, salt powder, wheat, garlic, eggs (farm), bananas, chicken farm (live), red chilly, cooked dal, sugar, milk powder, cooked beef, wheat flour, vegetable ghee (tin), cooking oil (tin), pulse mash, vegetable ghee (loose), mutton, and rice basmati.

The prices of the daily commodities, which remained unchanged during the period under review including bread plain, milk fresh, mustard oil, pulse masoor, tea, cigarette, curd, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity, gas charges, kerosene oil, fire wood, electric bulb, washing soap, match box, petrol, hi-sped diesel, telephone calls and bath soap.

APP

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