HomeBusinessWeekly inflation up by 0.53 percent

Weekly inflation up by 0.53 percent

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ISLAMABAD, Nov 14 (APP):The weekly inflation, measured by the Sensitive Price Indicator (SPI), increased by 0.53 percent for the combined consumption group during the week ended on November 13, the Pakistan Bureau of Statistics (PBS) reported on Friday.
According to PBS data, the SPI for the week under review was recorded at 335.31 points, up from 333.55 points last week. On a year-on-year basis, the SPI rose by 4.15 percent.
The weekly SPI (base year 2015-16=100) covers 17 urban centres and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group (up to Rs17,732) increased by 0.35 percent, rising to 328.89 points from 327.73 points last week.
The SPI for consumption groups of Rs17,733–22,888; Rs22,889–29,517; Rs29,518–44,175; and above Rs44,175 rose by 0.43 percent, 0.44 percent, 0.51 percent, and 0.58 percent, respectively.
During the week, out of 51 items, prices of 15 (29.41%) items increased, 12 (23.53%) items decreased, and 24 (47.06%) items remained unchanged.
Major commodities registering an increase during the week included chicken (20.33%), tomatoes (12.03%), bananas (2.32%), LPG (1.97%), potatoes (1.08%), cooking oil 5-litre tin (0.38%), shirting (0.36%), pulse masoor (0.33%), firewood (0.26%), beef (0.26%), and mutton (0.07%).
Items showing a decline in prices during the week included onions (6.65%), pulse gram (2.61%), salt powdered (1.80%), gur (1.78%), sugar (1.07%), wheat flour (0.69%), pulse mash (0.66%), and pulse moong (0.27%).
On a year-on-year basis, major increases were observed in the prices of ladies’ sandals (55.62%), sugar (40.25%), gas charges for Q1 (29.85%), wheat flour (18.70%), gur (16.47%), beef (14.29%), firewood (12.23%), bananas (11.71%), vegetable ghee 2.5 kg (10.93%), diesel, cooking oil 5 Litre (8.43%) and mutton (8.16%) (9.29%).
 Commodities showing year-on-year declines included garlic (36.29%), pulse gram (29.89%), electricity charges for Q1 (26.26%), tomatoes (23.01%), potatoes (22.46%), tea lipton (17.79%), pulse mash (15.35%), LPG (11.00%), pulse masoor (5.40%) and rice irri-6/9 (3.02%).
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