Weekly inflation up by 0.49 percent

Weekly inflation up by 0.49 percent

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ISLAMABAD: The weekly inflation rate for the composite consumer group based on the Sensitive Price Indicator (SPI) for the week ended May 12 increased by 0.49% compared to the previous week.

According to the latest data released by the Pakistan Bureau of Statistics (PBS) on Friday, the group’s one-week SPI was 172.63 points, compared to 171.78 points the previous week.

Compared with the same period last year, the SPI of the comprehensive consumer group increased by 15.85% during the week.

The weekly SPI for the base year 2015-16=100 covers 17 urban centers and 51 base items across all spending groups.

The sensitive price indicator for the lowest consumption group was as high as Rs 17,732, up 0.94 per cent from 180.34 last week to 182.03 for 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 0.58 percent, 1.01 percent, 1.12 percent and 0.41 percent respectively.

During the week, out of 51 items, prices of 28 (54.90%) items increased, 06 (11.77%) items decreased and 17 (33.33%) items remained stable The items, which recorded decrease in their average prices on WoW basis, included tomatoes (102.01%), electricity for Q1 (10.66%), bananas (5.87%), firewood (0.43%), sugar (0.15%) and LPG (0.11%) The commodities, which recorded increase in their average prices, included wheat flour (41.78%), chicken (12.13%), potatoes (7.04%), eggs (5.08%), pulse masoor (4.79%), onions (4.74%), pulse gram (2.29%), pulse mash (2.05%), mustard oil (1.97%), mutton (1.64%), and tea prepared (1.16%), non-food items, cigarettes (2.62%) and match box (1.31%).

On year-on-year basis, the commodities that witnessed decrease in prices included chillies powdered (39.50%), pulse moong (25.81%), potatoes (20.71%), electricity charges for Q1 (14.56%), bananas (14.24%) and sugar (11.80%).

The commodities that witnessed increase in prices included onions (160.81%), tomatoes (122.92%), lpg (97.34%), garlic (83.51%), cooking oil 5 litre (59.78%), vegetable ghee 2.5 kg (59.46%), vegetable ghee 1 kg (58.43%), mustard oil (58.27%), pulse masoor (52.01%), washing soap (39.79%), petrol (37.42%) and diesel (29.63%).

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