Pakistan’s inflation rate increases to 0.8 percent: SPI

ISLAMABAD: The Sensitive Price Indicator (SPI) has issued the figures about the inflation rate that has increased by 0.8 percent.

As per details, SPI based weekly inflation for the week ended on September 03, for the combined consumption group, witnessed an increase of 0.80 percent as compared to the previous week.

The SPI for the week under review in the above-mentioned group was recorded at 136.11 points against 135.03 points registered in the previous week, according to the latest data of Pakistan Bureau of Statistics (PBS).

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an augment of 9.47 percent.

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 up to Rs17, 732 witnessed a 1.06 percent increase and went up from 141.50 points in last week to 143.00 points during the week under review.

During the week, prices of six items were decreased, 20 items increased while that of 25 items remained constant, SPI said.

The items, which recorded a decrease in their average prices, included bananas, sugar, mash pulse, rice (Basmati broken) masoor pulse and wheat flour.

The commodities, which recorded an increase in their average prices, included tomatoes, onions, eggs, chicken, potatoes, matchbox, garlic, gram pulse, LPG Cylinder, cooked beef, firewood, curd, toilet soap, vegetable ghee, washing soap, sugar, cooking oil (loose), moong pulse, vegetable ghee (tin) and milk (fresh).

Likewise, the prices of the commodities that observed no change during the week under review included rice (Irri 6/9), bread, mutton, milk (powdered) mustard oil, salt, chilies, tea (packet), cooked daal, tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges and gas charges.