ISLAMABAD: The Sensitive Price Indicator (SPI), which measures weekly inflation, showed an increase of 0.27 percent for the total consumption group during the week ending May 11, according to data released on Friday by the Pakistan Bureau of Statistics (PBS).
According to the PBS data, the SPI for the week under review in the aforementioned group was 255.53 points as opposed to 254.84 points for the previous week. The SPI for the total consumption group in the week under review increased by 48.02% when compared to the corresponding week last year. The weekly SPI with the base year 2015–16 =100 covers 51 necessities for all expenditure groups across 17 urban centers.
The SPI for the lowest consumption group up to Rs17,732 witnessed a 0.38 percent increase and went up to 261.53 points from last week’s 260.54 points.
Meanwhile, the SPI for the consumption group from Rs 17,732-22-888; Rs 22,889-29,517; Rs 29,518-44,175; and above Rs 44,175 witnessed an increase of 0.38 per cent, 0.36 per cent, 0.33 per cent, and 0.20 per cent respectively.
During the week, out of 51 items, prices of 23 (45.09%) items increased, 07 (13.73%) items decreased and 21 (41.18%) items remained stable.
The items, which recorded an increase in their average prices on a week-on-week (WoW), included Tomatoes (6.32%), Gur (3.41%), Wheat Flour (2.76%), Tea Prepared (2.66%), Potatoes (2.14%), Cooked Beef (2.12%), Cooked Daal (1.98%), Powdered Milk (1.91%), Eggs (1.83%), Rice Basmati Broken (1.42%), Pulse Masoor (1.19%), Beef (1.18%) and non-food item, Washing Soap (1.04%).
The items that recorded a decrease in their average prices on a week-on-week (wow) basis, included Onions (9.40%), Chicken (2.25%), LPG (1.51%), Garlic (1.39%), Bananas (0.68%), Pulse Gram (0.13%) and Mustard Oil (0.05%).
The commodities that witnessed an increase in price on Year-on-Year (YOY) basis, included Cigarettes (140.15%), Potatoes (112.80%), Gas Charges for Q1 (108.38%), Tea Lipton (106.09%), Wheat Flour (101.20%), Gents Sponge Chappal (100.33%), Diesel (99.39%), Bananas (98.22%), Rice Basmati Broken (90.76%), Eggs (89.40%), Petrol (87.81%), Rice Irri-6/9 (83.47%), Pulse Moong (66.91%), Bread (62.83%) and Pulse Mash (58.79%).
On a Year-on-Year (YoY) basis, the commodities which recorded a decrease in their average prices included Tomatoes (39.70%), Onions (22.17%) and Chilies Powdered (6.48%).
