HomeBusinessWeekly inflation up by 0.49 percent

Weekly inflation up by 0.49 percent

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ISLAMABAD, Oct 17 (APP): The weekly inflation, measured by the Sensitive Price Indicator (SPI), increased by 0.49 percent for the combined consumption group during the week ended on October 16, the Pakistan Bureau of Statistics (PBS) reported on Friday.
The SPI for the week under review in the above-mentioned group was recorded at 334.39 points against 332.75 points during the previous 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 4.57 percent.
The weekly SPI with base year 2015-16=100 covers 17 urban centres and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group of up to Rs17,732 increased by 1.07 percent, going up to 329.37 points from last week’s 325.88 points.
The SPI for consumption groups of Rs17,733–22,888; Rs22,889–29,517; Rs29,518–44,175 and above Rs44,175 increased by 0.92 percent, 0.71 percent, 0.59 percent and 0.29 percent respectively.
During the week, out of 51 items, prices of 24 (47.06%) items increased, 08 (15.69%) items decreased and 19 (37.25%) items remained stable.
The commodities which recorded a major decrease in their average prices on a week-on-week basis included chicken (6.38%), bananas (4.70%), pulse gram (2.20%), petrol (2.09%), diesel (0.55%), rice basmati broken (0.51%), pulse moong (0.49%), and rice irri-6/9 (0.03%).
The items which recorded a major increase in their average prices on a week-on-week basis included tomatoes (33.20%), onions (8.70%), eggs (2.18%), wheat flour (1.42%), garlic (0.85%), potatoes (0.71%), vegetable ghee 2.5kg (0.63%), vegetable ghee 1kg (0.56%), firewood (0.40%), lpg (0.18%), washing soap (0.08%), and shirting (0.07%).
On year-on-year basis, the commodities which recorded a decrease in their average prices included onions (33.55%), chicken (29.81%), pulse gram (28.86%), garlic (28.48%), electricity charges for q1 (26.26%), tea lipton (17.93%), pulse mash (17.55%), potatoes (16.97%), pulse masoor (4.11%), and LPG (3.44%).
On year-on-year basis, the commodities that witnessed an increase in prices included tomatoes (121.38%), ladies sandal (55.62%), sugar (36.94%), gas charges for q1 (29.85%), wheat flour (16.92%), gur (15.90%), beef (12.95%), vegetable ghee 1kg (12.39%), vegetable ghee 2.5kg (12.10%), firewood (11.71%), diesel (9.75%), and eggs (9.02%).
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