The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.70 per cent for the combined consumption group during the week ended on July 06, Pakistan Bureau of Statistics (PBS) reported on Friday.
The SPI for the week was recorded at 257.79 points as compared to 256.00 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 28.55 per cent. The weekly SPI with the base year 2015-16 =100 is covering 17 urban centres and 51 essential items for all expenditure groups. The SPI for the lowest consumption group up to Rs17,732, increased by 1.08 per cent and went up to 265.88 points from last week’s 263.03 points.
The SPI for consumption groups from Rs 17,732-22,888, Rs 22,889-29,517, Rs 29,518-44,175; and above Rs 44,175 witnessed an increase of 1.02 per cent, 0.91 per cent, 0.83 per cent and 0.51 per cent respectively.
During the week, out of 51 items, prices of 24 (47.06%) items increased, 10 (19.61%) items decreased and 17 (33.33%) items remained stable.
The items, which recorded a decrease in their average prices on a week-on-week (WoW), included bananas (7.51%), chicken (2.80%), eggs (1.17%), LPG (0.96%), vegetable ghee 2.5 kg (0.74%), cooking oil 5 litre (0.72%), vegetable ghee 1 kg (0.71%), pulse masoor (0.47%), pulse moong (0.31%) and pulse gram (0.24%).
The items that recorded an increase in their average prices on a week-on-week (wow) basis, included tomatoes (42.25%), onions (8.70%), potatoes (4.79%), wheat flour (4.05%), gur (4.01%), sugar (3.48%), shirting (3.02%) and diesel (2.95%).
The commodities that witnessed a decrease in price on a Year-on-Year (YOY) basis, included onions (23.94%), electricity for Q1 (14.58%), tomatoes (13.26%), pulse masoor (7.17%), diesel (5.82%) and vegetable ghee 1 kg (0.81%).
On a Year-on-Year (YoY) basis, the commodities which recorded an increase in their average prices included wheat flour (121.69%), cigarettes (112.94%), gas charges for Q1 (108.38%), tea lipton (102.86%), rice basmati broken (77.40%), rice irri-6/9 (74.61%), potatoes (69.06%), chicken (63.22%), gents sponge chappal (58.05%), salt powdered (51.61%), sugar (50.08%), bananas (48.96%) and bread (46.86%).—APP
