Weekly inflation goes up by 3.38%

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Sensitive Price Indicator (SPI) based weekly inflation for the week ended on June 16 for the combined consumption group, witnessed an increase of 3.38 percent as compared to the previous week.

SPI for the week under review in the above mentioned group was recorded at 189.07 points against 182.88 points registered in the previous week, according to the latest data of Pakistan Bureau of Statistics (PBS) released.

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 27.82 percent.

The weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups.

Sensitive Price Indicator for the lowest consumption group up to Rs 17,732 witnessed 2.85 percent increase and went up from 189.06 points in last week to 194.44 points during the week under review.

Meanwhile, the SPI for the consumption groups from Rs 17,732-22,888; Rs22,889-29,517; Rs 29,518-44,175 and above Rs 44,175 increased by 3.45 percent, 3.10 percent, 3.12 percent and 3.10 percent respectively.

During the week, out of 51 items, prices of 36 (70.59%) items increased, 06 (11.76%) items decreased and 09 (17.65%) items remained stable. The items, which recorded increase in their average prices on WoW basis, included chicken (12.10% ), potatoes (6.89%), cooked daal (5.90%), pulse gram (5.29%) and cooked beef (5.19%),non-food items diesel (28.91%), gents sponge chappal (26.76%), gents sandal (15.40%), petrol (11.43%), electricity charges for q1 (6.63%) and cigarettes (6.27%), with joint impact of (2.53%) into the overall spi for combined group of (3.38%).—APP

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