Weekly inflation hits all income groups

ISLAMABAD - The inflationary wave continued during the last week as inflation based on Sensitive Price Indicator (SPI) surged by 9.93 per cent for the low-income group over the corresponding period of previous year, Federal Bureau of Statistics reported on Saturday. According to the figures, inflation measured through SPI increased by 9.93 per cent for the income group of Rs 3000 per month on yearly basis while enhancing by 0.65 per cent on weekly basis. The SPI inflation was recorded at 10.65 per cent for the income group of Rs 3001 to Rs 5000 during the week, followed by 11 per cent for the groups falling under the category of having income from Rs 5001 to Rs 12000. The inflation for high-income group (above Rs 12000) soared by 9.45 per cent over the same period of the last fiscal year. Inflation for the combined income group (average of all income groups) went up by 10.01 per cent over the corresponding week of the last year while a slight increase of 0.75 per cent was recorded on weekly basis. The prices of 24 essential commodities increased and of seven items declined during the week whereas 22 remained unchanged. The prices of following goods increased both on a yearly and weekly basis. On a yearly basis, the goods which witnessed increase in prices include; tomatoes 51.42 per cent, chicken 30.66 per cent, garlic 78.93 per cent, mash pulse washed 37.88 per cent, gur 95.27 per cent, wheat flour 2.93 per cent, sugar 15.07, wheat 44.34 per cent, lawn 13.50 per cent, voil 5.11 per cent, shirting 7.73 per cent, coarse latha 4.67 per cent, soap 6.02 per cent, fresh milk 18.64 per cent, beef 18.24 per cent, mutton 14.60 per cent, LPG (11 kg cylinder) 2.76 per cent and curd 17.57 per cent. However, the prices of the following commodities declined on a weekly basis but increased on a yearly basis, potatoes 23.76 per cent, onions 40.33 per cent, and kerosene 7.37 per cent.

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