ISLAMABAD: The weekly inflation rate of Pakistan, as assessed by the Sensitive Price Indicator (SPI), increased by 0.70 percent for the combined consumption group during the week ended July 6, according to the Pakistan Bureau of Statistics (PBS) on Friday.
According to PBS data, the SPI for the week under review in the group mentioned above was 257.79 points, up from 256.00 points the previous week. The SPI for the combined consumption group increased by 28.55 percent in the week under review as compared to the same week last year.
SPI Weekly Inflation Data
The weekly SPI, with a base year of 2015-16 =100, covers 17 urban centers and 51 basic items across all expenditure groups. The SPI for the lowest consumption group, up to Rs17,732, climbed by 1.08 percent to 265.88 points, up from 263.03 points the previous week. The SPI increased by 1.02 percent, 0.91 percent, 0.83 percent, and 0.51 percent for consumption groups ranging from Rs 17,732-22,888, Rs 22,889-29,517, Rs 29,518-44,175; and above Rs 44,175 respectively.
Prices of 24 (47.06%) items grew throughout the week, 10 (19.61%) items declined, and 17 (33.33%) items were unchanged. Bananas (7.51%), chicken (2.80%), eggs (1.17%), LPG (0.96%), vegetable ghee 2.5 kg (0.74%), cooking oil 5 liters (0.72%), vegetable ghee 1 kg (0.71%), pulse masoor (0.47%), pulse moong (0.31%), and pulse gram (0.24%) were among the items with a week-on-week (WoW) price decrease.
Tomatoes (42.25%), onions (8.70%), potatoes (4.79%), wheat flour (4.05%), gur (4.01%), sugar (3.48%), shirting (3.02%), and diesel (2.95%) were among the goods that saw a week-on-week (wow) price increase.
Onions (23.94%), electricity for Q1 (14.58%), tomatoes (13.26%), pulse masoor (7.17%), diesel (5.82%), and vegetable ghee 1 kg (0.81%) were among the items that saw price decreases year on year.
Wheat flour (121.69%), cigarettes (112.94%), gas charges for Q1 (108.38%), tea lipton (102.86%), rice basmati broken (77.40%), potatoes (69.06%), chicken (63.22%), gents sponge chappal (58.05%), salt powdered (51.61%), sugar (50.08%), bananas (48.96%), and bread (46.86%) all saw price increases year on year.
