Weekly inflation up by 0.71 percent: PBS report
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Weekly inflation up by 0.71 percent: PBS report
ISLAMABAD (APP) - The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.71 percent for the combined consumption group during the week ended November 2, the Pakistan Bureau of Statistics (PBS) reported on Friday.
The SPI for the week under review in the above-mentioned group was recorded at 279.08 points as compared to 277.11 points during the past week, according to the PBS data.
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 29.88 percent.
The weekly SPI with the base year 2015-16 covers 17 urban centres and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group up to Rs 17,732 increased by 0.85 percent and went up to 286.19 points from last week’s 283.77 points.
The SPI for consumption groups from Rs 17,732–Rs 22,888; Rs 22,889–Rs 29,517; Rs 29,518–Rs 44,175 and above Rs 44,175 increased by 0.86 percent, 0.77 percent, 0.76 percent and 0.64 percent, respectively.
During the week, out of 51 items, prices of 12 (23.53 percent) items increased, 14 (27.45 percent) items decreased and 25 (49.02 percent) items remained stable.
The items, which recorded a decrease in their average prices on a week-on-week basis included gur (2.66 percent), banana (1.78 percent), cooking oil five-litre (1.62 percent), vegetable ghee one-kg (1.23 percent), LPG cylinder (1.05 percent), pulse masoor (0.93 percent), wheat flour (0.62 percent), washing soap (0.41 percent) and mustard oil (0.32 percent).
The items that recorded an increase in their average prices on a week-on-week basis included tomatoes (25.58 percent), onions (25.25 percent), chicken (10.79 percent), potatoes (1.61 percent), tea Lipton (1.58 percent), eggs (1.30 percent), garlic (0.50 percent), rice basmati broken (0.19 percent), georgette (0.28 percent) and firewood (0.05 percent).
On a year-on-year basis, the items that witnessed decrease in prices included tomatoes (26.26 percent), onions (13.98 percent), pulse gram (5.50 percent), mustard oil (4.47 percent) and vegetable ghee one-kg (1.97 percent).
The commodities which recorded an increase in their average prices on a YoY basis included gas charges for Q1 (108.38 percent), cigarettes (94.46 percent), chilli powder (84.11 percent), rice basmati broken (78.08 percent), wheat flour (76.51 percent), sugar (62.60 percent), rice irri-6/9 (62.27 percent), gents sponge chappal (58.05 percent), tea packet (55.79 percent), garlic (54.51 percent) and gur (53.53 percent).
