Weekly inflation surges by 0.82pc

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Islamabad

The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on June 24, 2021 for the combined consumption group witnessed an increase of 0.82 percent as compared to the previous week while it went 15.29 percent up on a year-on-year (YoY) basis.

According to data released by the Pakistan Bureau of Statistics (PBS), the combined index was at 149.14 on June 24, 2021 compared to 147.92 on June 17, 2021 while the index was recorded at 129.36 a year ago, on June 25, 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 essential 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 21 (41.2%) items increased, 07 (13.7%) items decreased and 23 (45.1%) items remained constant.

The SPI for the current week ended on 24th June, 2021 recorded an increase of 0.82% in the prices of tomatoes (14.56%), chicken (11.43%), LPG (8.64%), onions (8.38%), potatoes (3.37%), garlic (2.52%), vegetable ghee 1-kg (1.53%), cooking oil (1.41%) and vegetable ghee 2.5-kg (1.24%) with joint impact of (0.76%) into the overall SPI for combined group of (0.82%).

On the other hand decrease in the prices of pulse Moong (3.79%), bananas (2.54%), pulse gram (0.71%), Gur (0.66%), pulse Mash (0.45%), pulse Masoor (0.26%) and sugar (0.12%) was observed.—TLTP

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