Weekly inflation up by 0.67pc as food prices surge

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Islamabad

The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 2, 2021 for the combined consumption group witnessed an increase of 0.67 percent as compared to the previous week while it went 12.53 percent up on a year-o -year (YoY) basis.

According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, the combined index was at 153.16 on September 2, 2021 as compared to 152.14 on August 26, 2021 while the index was recorded at 136.11 a year ago on September 3, 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 under review, out of 51 items, prices of 17 (33.33%) items increased, prices of 08 (15.69%) items decreased and prices of 26 (50.98%) items remained constant.—1.3 billion. —TLTP

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