Weekly Inflation Goes Down By 0.18 Percent

Weekly inflation goes down by 0.18 percent

ISLAMABAD,(Pakistan Point News - APP - 12th Augst,2016) : The weekly inflation for the week ended on August 11 for the combined income group witnessed a decrease of 0.18 percent as compared to the previous week. The Sensitive price Indicator (SPI) for the week under review in the above mentioned group was recorded at 218.52 points against 218.91 points registered in the previous week, according to data released by Pakistan Bureau of Statistics (PBS) here on Friday.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 1.89 percent. The weekly SPI has been computed with base 2007 2008=100, covering 17 urban centers and 53 essential items for all income groups and combined. Meanwhile, the SPI for the lowest income group up to Rs 8000 also decreased by 0.20 percent as it went down from 210.40 points in the previous week to 209.

89 points in the week under review. As compared to the last week, the SPI for the income groups from Rs 8001 to Rs 12,000 increased by 1.22 percent, where as Rs 12,001 to 18,000, Rs 18,001 to Rs 35,000 and above Rs 35000 decreased by 0.20 per cent, 0.15 percent, 0.15 percent and 0.17 percent respectively. During the week under review average prices of 10 items registered decrease, while that of 12 items increase with the remaining 31 items' prices unchanged.

The items which registered decrease in their prices during the week under review included tomatoes, bananas, LPG cylinder, garlic, pulse mash, pulse moong, onion, sugar, red chilly and wheat flour. The items which recorded increase in their average prices included chicken (farm), potatoes, eggs hen (farm), salt powder, gur, pulse masoor, pulse gram, rice irri-6, wheat, gas charges and vegetable ghee. The items with no change in their average prices during the week under review included rice basmati, beef, milk fresh, curd, powder milk, mustard oil, cooking oil, vegetable ghee, tea, cooked beef, cooked dal, tea prepared cup, cigarettes, long cloth, shirting, lawn, gents sandal, chapal, ladies sandal, electricity charges, kerosene oil, fire wood, electric bulb, washing soap, match box, petrol, hi-speed diesel, telephone local charges and bath soap.