Weekly Inflation Goes Up Slightly By 0.13%
Faizan Hashmi Published May 29, 2020 | 02:41 PM
The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on May 28, for the combined consumption group, witnessed nominal increase of 0.13 percent, Pakistan Bureau of Statistics (PBS) reported Friday
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th May, 2020 ) :The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on May 28, for the combined consumption group, witnessed nominal increase of 0.13 percent, Pakistan Bureau of Statistics (PBS) reported Friday.
The SPI for the week under review in the above mentioned group was recorded at 128.32 points against 128.15 points registered in the previous week, the data release by SBP revealed.
The weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups.
The Sensitive Price Indicator for the lowest consumption group upto Rs 17,732, also witnessed an increase of 0.57 percent and went up from 134.06 points in last week to 134.20 points during the week under review.
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 9.63 percent, while, for the lowest consumption group, it increased by 11.07 percent.
The SPI for consumption groups from Rs.17,733-22,888; Rs.22,889-29,517; Rs 29,518-44,175 and above Rs44,175 per month increased by 0.12 percent, 0.14 percent, 0.14 percent and 0.12 respectively.
During the week, prices of 9 items decreased, 12 items decreased while that of 30 items remained stable.
The items, which recorded decrease in their average prices included tomatoes, garlic, onions, bananas, gram pulse, masoor pulse, LPG Cylinder, eggs and Mash pulse.
The commodities, which recorded increase in their average prices included chicken, potatoes, wheat flour, washing soap, gur, Moong pulse, sugar, rice (Basmati broken), mutton, curd, milk (fresh) and beef.
Similarly, the prices of the commodities that observed no change in their price during the week under review included rice (Irri-6/9), bread, beef, milk (powdered), mustard oil, cooking oil (loose), vegetable ghee (tin), vegetable ghee (loose), salt, chillies, tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, firewood, energy saver, match box, petrol, diesel, telephone local call and toilet soap.
According to PBS analysis, the increase was mainly due to a rise in prices of food items i.e. chicken (2.45%), Potatoes (1.85%) and wheat flour (1.18%) with joint impact of 0.06 into the overall SPI for combined group of (0.13%).
395/
Related Topics
Recent Stories
Interior Ministry ordered to execute process for house arrest of Chaudhary Parve ..
Pre-Order Your Coolest vivo Y100 Today
SC suspends PHC ruling against allocation of SIC reserved seats
ADB reaffirms continued support to Pakistan
OIC Contact Group on Jammu & Kashmir calls for early resolution of J&K dispute
Yango joins hands with Discover Pakistan to present and preserve the country’s ..
Saudi govt, companies consider Pakistan high priority economic opportunity: Ibra ..
Saudi Crown Prince expected to visit Pakistan this month
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 6 May 2024
Today Gold Rate in Pakistan 06 May 2024
Dubai Mum Becomes the First Ever Pakistani Woman to Climb 11 of the 14 Highest M ..
Over 37% Tobacco tax increase suggested to save lives, boost revenue
More Stories From Business
-
Rs 520m released for schemes of Wasa
2 hours ago -
ADB reaffirms continued support to Pakistan
2 hours ago -
EU election could force sharp turn in electric car policy
2 hours ago -
Shipping activity at Port Qasim
2 hours ago -
2 plots sealed over illegal construction
2 hours ago -
Yango joins hands with Discover Pakistan to present and preserve the country’s cultural and natura ..
2 hours ago
-
Foreign investment pivotal for 'Macro Economic Stability' in Pakistan: Finance Minister
3 hours ago -
Hong Kong's Hang Seng Index opens 0.07 pct higher
3 hours ago -
May Day holiday sees over 1.3 billion passenger trips across China
3 hours ago -
Revenues of Chinese SOEs up 3.2 pct in first 3 months
3 hours ago -
Turkish stock exchange opens week flat
3 hours ago -
Govt's facilitation approach builds investor’s confidence: Jam Kamal
3 hours ago