Weekly inflation up 0.29pc

ISLAMABAD: The weekly inflation for the week ended on June 22 for the combined income groups increased by 0.29 percent as compared to the previous week.

According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, the Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 220.48 points against 219.85 points last week.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 1.74 per cent. The weekly SPI has been computed with base 2007, 2008-100, covering 17 urban centres and 53 essential items for all income groups.

Meanwhile, the SPI for the lowest income group up to Rs 8,000 increased by 0.26 percent as it went up from 209.07 points in the previous week to 209.61 points in the week under review. As compared to the last week, the SPI for the income groups from Rs8,001 to Rs12,000, Rs12,001 to Rs18,000, Rs18,001 to Rs35,000 and above Rs35,000, also increased by 0.27 percent, 0.29 percent, 0.29 percent, and 0.29 percent respectively.

During the week under review, average prices of 10 items registered decrease, while 8 items increased with prices of the remaining 35 items unchanged. The items, which registered decrease in their prices during the week under review included cigarettes, onions, gram pulse, moong pulse, red chilli, garlic, mash pulse, masoor pulse, LPG Cylinder, and wheat flour.

The items, which registered increase in their prices included tomatoes, chicken, egg, bananas, mutton, potatoes, gur and vegetable ghee. The items with no change in their average prices during the week under review included wheat, rice (basmati broken), bread, beef, milk, curd, milk (powdered), mustard oil, cooking oil, cooking oil (tin), vegetable ghee (tin), sugar, salt, tea (packet), long cloth, shirting, lawn, electric bulb, washing soap, match box, petrol, diesel, telephone local call and bath soap.