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Weekly inflation falls

Weekly inflation falls

ISLAMABAD: The weekly inflation for the week ended on July 06 for the combined income groups decreased by 0.66 percent as compared to the previous week.

According to the data released by PBS on Friday, the SPI for the week under review in the above mentioned group was recorded at 219.90 points against 217.46 points last week.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 1.12 per cent. The weekly SPI has been computed with base 2007, 2008=100, covering 17 urban centers and 53 essential items for all income groups.

Meanwhile, the SPI for the lowest income group up to Rs 8,000 decreased by 0.62 percent as it went down from 210.65 points in the previous week to 209.35 points in the week under review. As compared to the last week, the SPI for the income groups from Rs 8,001 to 12,000, Rs 12,001 to 18,000, Rs 18,001 to 35,000 and above Rs 35,000, also decreased by 0.63 percent, 0.65 percent, 0.67 percent and 0.68 percent respectively.

During the week under review, average prices of 14 items registered decrease, while 8 items increased with the remaining 30 items’ prices unchanged.

The items, which registered decrease in their prices during the week under review included tomatoes, bananas, potatoes, chicken, onions, diesel, petrol, garlic, gram pulse, LPG Cylinder, sugar, masoor pulse, moong pulse and red chilly.

The items, which registered increase in their prices during the week under review included eggs, long cloth, shirting, mash pulse, soap, vegetable ghee, mustard oil and gur.

The items with no change in their average prices during the week under review included wheat, what four, rice (basmati broken) rice (irri-6), bread, beef, mutton, milk (fresh), curd, milk (powdered), cooking oil, vegetable ghee, salt (powder), tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, firewood, electric bulb, washing soap, match box and telephone local call.