SPI inflation decreases by 0.13 percent

ISLAMABAD: The Sensitive Price Indicator (SPI) inflation for the week ended on December 7, decreased by 0.13 percent as compared to the previous week for the combined income groups.

The SPI for the week under review in the combined income group was recorded at 224.89 points against 225.91 points last week, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Friday.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 1.95 percent.

The SPI for the lowest income group up to Rs8,000 also decreased by 0.19 percent, down from 215.54 points in the previous week to 215.13 points in the week under review.

As compared to the last week, the SPI for the income groups from Rs8001-Rs12,000, Rs12,001-Rs18,000, Rs18,001-Rs35,000 and above Rs35,000, also decreased by 0.18 percent, 0.18 percent, 0.16 percent and 0.08 percent, respectively.

Average prices of 10 items registered decrease, while 14 items increased with the prices of the remaining 29 items unchanged.

The items, which registered decrease in their prices during the week under review included tomatoes, pulse moong (washed), gram pulse, mash pulse, masoor pulse, garlic, mustard oil, red chilli, gur, and eggs.

The items, which registered increase in their price included kerosene oil, bananas, potatoes, petrol, LPG cylinder, hi-speed diesel, chicken, sugar, firewood and onions.

The items with no change in their average prices during the week under review included rice (basmati), rice (irri-6), bread, beef, milk (fresh), powder milk, curd, cooking oil, vegetable ghee, salt (powdered), tea (packet), cooked beef, cooked lentil, cigarettes, long cloth, shirting, lawn, georgette, electricity charges, electric bulb, washing soap, match box, telephone local call and bath soap.