Business

Weekly Inflation surges by 0.53pc

ISLAMABAD: The Sensitive Price Index (SPI) for the combined group has been increased by 0.55 per cent for the week ended on June 12 to as compare to previous week, ARY News reported.

The weekly Sensitive Price Indicator (SPI) with base 2007-2008=100 covering 17 urban centers and 53 essential items for all income groups and combined has been computed by Pakistan Bureau Statics (PBS).

The SPI for the week ended on June 12 for the lowest income group up to Rs 8,000 registered increase of 0.53 per cent as compared to the previous week.

The SPI for the week which ended on in the above mentioned group was recorded at 202.88 points against 201.82 points registered in the previous week.

According to PBS, as compared to the last week, the SPI for the income groups from Rs 8001- 12,000, 12,001-18,000, 18001-35,000 and above Rs.35000 increased by 0.50, 0.52, 0.55 and 0.59 respectively.

During the week, average prices of 22 items registered an increase, while that of seven registered a decrease. The prices of 24 essential items remained unchanged during the week under review. The 22 items which recorded increase in their average prices included tomatoes, cigarettes k-2 (20’s), bananas, potatoes, sugar, onions, red chilies powder loose, milk powdered NIDO, washing soap (200-250 gm), lawn, georgette, shirting, tea prepared (sada), salt powdered loose (Lahore), long cloth, Mash pulse washed, gram pulse washed, rice basmati broken wheat, Masoor pulse washed, wheat flour bag and mustard oil.

The seven essential items which registered decrease in prices during the week under review included Moong pulse washed, garlic, chicken live (farm), vegetable ghee loose, egg hen (farm), LPG (11kg cylinder) and gur. The 24 essential items, prices of which remained unchanged during the week under review, included rice IRRI-6, bread plain medium size (340-400 gm), beef, mutton, milk fresh, curd, cooking oil (tin), vegetable ghee (tin), tea (yellow lable 200 gm), cooked beef plate, cooked daal plate, sandal gents Bata, Chappal sponge Bata (gents), sandal ladies Bata, electric charges, gas charges upto 100m³, kerosene oil, firewood, energy savor 14 watts, match box, petrol, diesel, telephone local call and bath soap lifebouy (standard).

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