Pakistan’s inflation rate increases to 0.71 percent

ISLAMABAD: The Sensitive Price Indicator (SPI) has issued the figures about the inflation rate that has increased by 0.71 percent as compared to the previous week.

As per details, SPI based weekly inflation for the week ended on September 17, for the combined consumption group, witnessed an increase of 0.71 percent as compared to the previous week.

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 8.72 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 0.86 percent increase and went up from 143.19 points in the last week to 144.42 points during the week under review.

The SPI for the consumption groups from Rs17,732-22,888, Rs22,889-29,517; Rs29,518-44,175; Rs29,518 to Rs44,175 and above Rs 44,175 per month also increased by 0.86 percent, 0.80, percent; 0.77 percent and 0.63 percent respectively.

During the week, prices of 03 items decreased, 26 items increased while that of 22 items remained constant. The items, which recorded a decrease in their average prices, included bananas, LPG Cylinder and potatoes.

The commodities, which recorded an increase in their average prices, included tomatoes, eggs, chicken, energy saver, washing soap, georgette, mash pulse, gur, sugar, tea (prepared), onions, moong pulse, vegetable ghee (loose), cooking oil (loose), vegetable ghee (tin), firewood, masoor pulse, gram pulse mutton, wheat flour, garlic, milk (powdered), curd, rice (Irri 6/9), milk (fresh) and mustard oil.

Likewise, the prices of the commodities that observed no change during the week under review included rice (Basmati broken), bread, beef, salt, chilies, tea (packet), cooked beef, cooked daal, cigarettes, long cloth, shirting, lawn, gents sandal, gents cahppal, ladies sandal, electricity charges, gas charges, matchbox, petrol, diesel, telephone call and toilet soap.