Weekly inflation surges to 16.45pc

ISLAMABAD - The Sensitive Price Indicator (SPI) based inflation surged to 16.45 percent during the last week over the same period of last year, Federal Bureau of Statistics (FBS) reported on Monday. According to the latest figures, the SPI based inflation for all income groups has recorded at 16.45 percent in the previous week over the corresponding period of last year. The maximum impact of SPI increase during last one year has been observed for the high-income group earning more than Rs12,001 per month, which rose by 17.72pc. An increase of 14.92 percentage points was noted in inflation for the lowest income group earning up to Rs3, 000 per month, while the SPI inflation increased by 15.41pc for the income group (Rs5,001-Rs12,000). According to the data, the inflation for lower middle-income group (Rs3,001 and Rs5,000) enhanced by 14.83pc. The inflation increased by 0.64 percentage points for the low income group during the week under review against the previous week, while the inflation increased by 0.62pc for income group (Rs3001- Rs5,000), and it rose by 0.62pc for the group earning Rs5,001- Rs12,000 per month). The SPI increased by 0.54pc for the higher income group earning more than Rs12,000 per month. Out of the sample of 53 kitchen items prices collected from 25 urban centres, 23 items showed increase in prices, 7 items registered decline and the prices of 23 items remained unchanged as compared to the previous week. The prices of the main items that registered increases are tomatoes; LPG (11kg cylinder), sugar, potatoes, cigarettes k-2, garlic, gur, chicken, electric bulb, moong pulse washed, bananas, fresh milk, red chillies, mutton, curd, vegetable ghee loose, eggs, mash pulse washed and beef. Meanwhile the prices following items were decrease in the last week including onions, masoor pulse washed, wheat average quality, gram pulse washed, voile printed, and wheat flour average quality.

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