Weekly Inflation Falls 0.35 Percent

Weekly inflation falls 0.35 percent

ISLAMABAD, (UrduPoint / Pakistan Point News -26th Augst,2016) : The weekly inflation for the week ended on August 25 for the combined income group witnessed an decrease of 0.35 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 218.20 points against 218.97 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 2.17 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 0.35 percent as it went up from 210.31 points in the previous week to 209.58 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 35000 also decreased by 0.32 per cent, 0.36 percent, 0.

36 percent and 0.34 percent respectively. During the week under review average prices of 11 items registered decrease, while 11 items increased with the remaining 31 items' prices unchanged. The items which registered decrease in their prices during the week under review included tomatoes, chicken (farm), potatoes, onions, moong pulse, bananas, mash pulse, masoor pulse, gram pulse, wheat flour and sugar. The items which recorded increase in their average prices included eggs (farm), garlic, vegetable ghee, cooked daal, rice basmati (broken) gur, LPG cylinder, cooked beef, red chilly (Powder), mutton and milk (powdered). The items with no change in their average prices during the week under review included wheat, rice (irri-6), bread (plain) beef, milk (fresh), Curd, mustard oil, cooking oil (tin), vegetable ghee (tin), salt (powder), tea (packet), tea (prepared), cigarettes, long cloth, shirting, lawn (printed), georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, firewood, electric bulb, washing soap, match box, petrol, Hi speed Diesel, telephone local call and bath soap.