Nominal Increase Witnessed In Weekly Inflation


Nominal increase witnessed in weekly inflation

ISLAMABAD, Nov 4 (UrduPoint / Pakistan Point News - 04th Nov, 2016 ) : The weekly inflation for the week ended on November 03 for the combined income group witnessed nominal increase of 0.19 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 221 points against 219.35 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 0.75 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 increased by 0.26 percent as it went up from 212.18 points in the previous week to 212.74 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, Rs.

12,001 to 18,000, Rs 18,001 to Rs 35,000 and above Rs 35,000 also increased by 0.23 per cent, 0.

21 percent, 0.18 percent and 0.14 percent respectively. During the week under review average prices of 6 items registered decrease, while 11 items increased with the remaining 36 items' prices unchanged.

The items which registered decrease in their prices during the week under review included chicken (farm), mash pulse, moong pulse, rice (irri-6), masoor pulse and onions. The items which recorded increase in their average prices included tomatoes, potatoes, eggs (farm), sugar, bananas, gram pulse, LPG Cylinder, georgette, garlic, gur and wheat flour (bag).

The items with no change in their average prices during the week under review wheat, rice basmati (broken), bread, beef, mutton, milk (fresh), curd, milk (powdered), mustard oil, cooking oil, vegetable ghee (tin), vegetable ghee (loose), salt (powder), red chilly (loose), tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, long cloth, shirting, lawn, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, firewood, electric bulb, washing soap, match box, petrol, diesel, telephone local call and bath soap.