Weekly inflation goes up by 1.01pc

Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on June 24 for the combined consumption group witnessed an increase of 1.01 per cent as compared to the previous week. The SPI for the week under review in the above-mentioned group was recorded at 190.98 points against 189.07 points registered in the previous week, according to latest data of the Pakistan Bureau of Statistics (PBS) released on Friday.

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 28.05 per cent. The weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups. The SPI for the lowest consumption group up to Rs17,732 witnessed a 1.35 per cent increase and went up from 194.44 points last week to 197.06 points during the week under review.

Meanwhile, the SPI for the consumption groups from Rs17,732-Rs22,888; Rs22,889-Rs29,517; Rs29,518-Rs44,175 and above Rs44,175 increased by 1.3 per cent, 1.23 per cent, 1.15 per cent and 0.82 per cent, respectively.

During the week, out of 51 items, prices of 32 (62.75%) items increased, four (7.84%) items decreased and 15 (29.41%) items remained stable. The items that recorded increase in their average prices on WoW basis included pulse gram (8.02%), onions (5.43%), pulse moong (5.21%), cooking oil 5 litre (4.60%), pulse mash (4.27%), vegetable ghee 2.5kg (3.97%), eggs (3.96%), vegetable ghee 1kg (3.75%), pulse masoor (3.71%), potatoes (2.12%), wheat flour (2.08%), milk fresh (1.78%) and beef (1.48%). The commodities that witnessed decrease on WoW basis included tomatoes (9.14%), chicken (6.36%), bananas (0.68%) and mustard oil (0.33%).

On the year-on-year basis, the commodities that witnessed increase in prices included diesel (132.61%), onions (128.92%), petrol (110.16%), vegetable ghee 1kg (85.74%), pulse masoor (81.73%), mustard oil (79.59%), cooking oil 5 litre (76.91%), vegetable ghee 2.5kg (73.02%), tomatoes (72.33%), garlic (54.03%), washing soap (52.73%), gents sponge chappal (52.21%), LPG (49.65%) and pulse gram (46.46%). The commodities that witnessed decrease in prices included chili powdered (43.42%), sugar (10.58%), pulse moong (10.40%), electricity charges for Q1 (5.85%) and jaggery (1.58%).

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