Uptick in weekly inflation

uptick-in-weekly-inflation

Uptick in weekly inflation ISLAMABAD: Weekly inflation for the combined income group showed a slight increase of 0.35 per cent for the week ended on Oct 6 over the previous week due to a rising trend in essential commodities price.

The weekly inflation, measured through the Sensitive Price Index (SPI), witnessed an upward trend after a decline in the past week, suggested data issued by Pakistan Bureau of Statistics (PBS) on Friday.

SPI monitors prices of 53 items based on the survey of 17 cities and 53 markets.

The price of eight items declined, while 12 items witnessed increase during the week under review. The price of 33 items remained unchanged.

For the lowest income group earning up to Rs8,000, the SPI increased by 0.33pc over the previous week, while for the top income group (Rs35,000 and above) it was up by 0.35pc.

Comparing to the corresponding week of last year, the SPI for the combined group in the week under review rose 1.14pc.

The food items which registered increase in their prices are tomatoes 11.85pc; chicken farm 8.08pc; pulse gram 0.99pc; garlic 0.62pc; egg 0.61pc; wheat flour 0.52pc; wheat 0.31pc; powdered milk 0.22pc; pulse moong 0.20pc and vegetable ghee 0.12pc.

The price of 11-kg cylindes increased by 0.39pc.

The items which price declined are onions 2.57pc; bananas 1.20pc; pulse masoor 0.82pc; pulse mash 0.67pc; gur 0.30pc; sugar 0.17pc; red chilli 0.14pc and potatoes 0.08pc.

Source: http://www.dawn.com/news/1288678/uptick-in-weekly-inflation

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