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SPI weekly inflation increases by 0.5 percent

MM News Staff by MM News Staff
May 21, 2021
shaukat tarin

ISLAMABAD: The Sensitive Price Indicator (SPI) based on weekly inflation for the week ending on May 06 witnessed an increase of 0.50 percent on the back of an uptick in prices of essential food items.

Pakistan Bureau Statistics (PBS) said Friday the weekly inflation in the country increased by 0.50% as compared to the last week.

The SPI for the week under review in the above mentioned group was recorded at 149.01 points against 148.27 points registered in the previous week, according to PBS.

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 17.05%.

The Sensitive SPI for the lowest consumption group up to Rs17,732 witnessed a 0.37% increase and went up from 159.19 points last week to 159.78 points during the week under review.

During the week, prices of 07 items decreased, 18 items increased while that of 26 items remained constant, as per the data. The items, which recorded a decrease in their average prices, included eggs, LPG Cylinder, onions, potatoes, gram pulse, masoor pulse, and garlic.

The commodities, which recorded an increase in their average prices, included chicken, bananas, wheat flour, mustard oil, beef, jaggery, sugar, mutton, bread, curd, toilet soap, tomatoes, moong pulse, milk (fresh), mash pulse, milk (powdered) and vegetable ghee (tin).

The commodities that observed no change in prices during the week under review included rice (Basmati), rice (Irri 6/9), cooking oil (loose), vegetable ghee (loose), salt, chilies, tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, long cloth, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, firewood, energy saver, washing soap, matchbox, petrol, diesel, and telephone call charges.

Tags: MM News MM TVSPI weekly inflation increases 0.50 percent
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