Inflation is up 0.61% this week, 5 Products Lower whereas 22 Higher its Prices

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Inflation

ISLAMABAD (Pajhwok): The combined consumption category saw a 0.61% rise in weekly inflation. Based on the Sensitive Price Indicator (SPI) for the week ending March 4, compared to the previous week.

According to the latest data from the Pakistan Bureau of Statistics. The SPI for the group mentioned above for the week under review was 147.99 points, but up from 147.09 points the previous week (PBS).

Compared to the same week last year. The SPI for the combined consumption category increased by 14.95% in the week under analysis. With the base year of 2015-16, the weekly SPI covers 17 urban centers. And 51 critical items across all spending categories.

The Sensitive Price Indicator for the lowest consumption category up to Rs17,732 increased 0.54% from the previous week. Rising from 158.36 points to 159.21 points this week.

Meanwhile, the SPI increased by 0.60 percent, 0.62 percent, 0.67 percent, and 0.59 percent for the consumption classes of Rs17,732-22,888, Rs22,889-29,517, Rs29,518-44,175; and above Rs44,175 per month

During the week, the prices of 05 items fell, 22 items rose, and the costs of 24 items remained unchanged. Garlic, wheat flour, gur, tomatoes, and firewood were among the products that saw their average prices fall.

Chicken, bananas, potatoes, sugar, onions, toilet soap, mustard oil, mash pulse, washing soap, eggs, masoor pulse, milk (fresh), lawn, curd, moong pulse, LPG Cylinder, shirting, gram pulse, beef, rice (Basmati broke), rice (Irri 6/9), and mutton were among the commodities that but saw a rise in their average prices. Inflation

Bread, powdered milk, cooking oil, vegetable ghee (tin), vegetable ghee (loose), salt, chillies, tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, long cloth, georgette, gents sandal, gents sponge, ladies sandal, electricity, gas, energy saver, matchbox, and petrol.

Read More: Ramadan: Pakistan’s government sets the Nisab of Zakat at Rs80,933

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