Inflation rises, lowest income group registered increase of 0.63pc
ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on March 6 for the lowest income group up to Rs 8,000 registered a increase of 0.63 per cent as compared to the previous week.
The SPI for the week under review in the above mentioned group was recorded at 202.71 points against 201.44 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).
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.
The SPI for the combined group also increased by 0.35 per cent as it went up from 211.17 points in the previous week to 210.44 points in the week under review.
As compared to the last week, the SPI for the income groups from Rs.8001-12,000, Rs.12,001-18,000, Rs.18001-35,000 and above Rs.35,000 increased by 0.55 per cent, 0.47 per cent, 0.37 per cent and 0.17 percent respectively.
During the week under review average prices of 05 items registered decrease, while that of 16 items increase with the remaining 32 items' prices unchanged.
According to the data disclosed by PBS, the price of potatoes increased to Rs 40/kg from Rs 34/kg, tomatoes price raised to Rs 51/kg from Rs 45/kg. Rate of garlic surged to Rs 139/kg from Rs 130/kg. Price of sugar soared by Rs 2 to Rs 54/kg. Price of moong pulse (washed) went up by Rs 3/kg to Rs 145/kg. Meanwhile, price of several other commodities like bananas, vegetable ghee (loose), salt (powdered) and rice basmati (broken) have also registered increased in the period under review.
The figures of PBS showed that prices of onions decreased by Rs 1/kg to Rs 33. Petrol price declined to Rs 111.57/liter from Rs 114.09/liter. Chicken price reduced to Rs 166.2/kg from Rs 169.26/kg. Price of LPG (11 kg cylinder) went down to Rs 1433.53 from Rs 1452.35. Similarly, price of eggs (hens) decreased to Rs 117 per kg from Rs 118.