The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on July01, 2021 for the combined consumption group witnessed an increase of 0.53 percent as compared to the previous week while it went 13.31 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 149.93 on July 01, 2021 as compared to 149.14 on June 24, 2021 while the index was re-corded at 132.32 a year ago on July 2, 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 (33.4%) items increased, 09 (17.6%) items de-creased and 25 (49%) items remained constant.
The SPI for the current week ended on July 01, 2021 recorded an increase of 0.53% in the prices of tomatoes (33.27%), onions (15.40%), garlic (4.05%), LPG (3.14%), petrol (1.78%) and diesel (1.21%) with joint impact of (0.62%) into the over-all SPI for combined group of (0.53%).