The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on August 5, 2021 for the combined consumption group witnessed an in-crease of 0.12 percent as compared to the previous week while it went 12.40 percent up on a year-on-year (YoY) basis.
According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, the combined index was at 150.88 on August 05, 2021 as compared to 150.70 on July 29, 2021 while the index was re-corded at 134.23 a year ago on August 6, 2020.
The SPI is computed on a weekly basis to assess the price movements of essential commodities at a shorter interval of time so as to review the price situation in the country.
The SPI comprises 51 es-sential items and the prices are being collected from 50 markets in 17 cities of the country.
During the week, out of 51 items, prices of 17 (33.33%) items increased, 11 (21.56%) items de-creased and prices of 23 (45.1%) items remained constant.
The SPI for the week ended on August 5, 2021 re-corded an increase of 0.12% with most of the items increased mainly garlic (4.19%), LPG (3.67%) and petrol (1.44%) with joint impact of (0.18%) into the overall SPI for combined group of (0.12%).
On the other hand decrease in the prices of tomatoes (18.00%), bananas (8.13%), chicken (3.86%), eggs (3.53%), pulse Moong (2.11%), onions (1.37%), potatoes (0.37%), pulse Mash (0.24%), rice IRRI (0.16%), wheat flour bag (0.10%) and sugar (0.05%) was observed.—APP