Weekly Inflation Goes Up By 3.68pc.
ISLAMABAD -- Inflation based through Sensitive Price Index (SPI) recorded an increase of 3.68 percent during the week ended on July 28 despite the fact that government had reduced the prices of petroleum prices for current fortnight.
The SPI based inflation recorded minor increase of 3.68 percent during the week ended on July 28 over the preceding week, according to the latest data of Pakistan Bureau of Statistics (PBS). The SPI was recorded at 207.47 points during the week ended on July 28 as compared to 200.10 point during the week ended on July 21. On annual basis, the weekly inflation has enhanced by 37.67 percent. The SPI-based inflation is on the upward side from last several weeks mainly due to the currency depreciation as well as massive increase in petroleum products prices. However, the government for ongoing fortnight had reduced oil prices by up to Rs40.54 per liter. According to the PBS data, the Sensitive Price Indicator for the lowest consumption group up to Rs17,732 witnessed 3.27 percent increase and went up to 213.55 points this week from 206.79 points in last week. Meanwhile, the SPI for the consumption groups from Rs17,732-22,888; Rs22,889-29,517; Rs29,518-44,175 and above Rs 44,175 also increased by 4.44 percent, 3.23 percent, 2.55 percent and 3.54 percent respectively. During the week, out of 51 items, prices of 30 (58.82 percent) items increased, 07 (13.73 percent) items decreased and 14 (27.45 percent) items remained stable.
The SPI for the current week ended on 28th July, 2022 recorded an increase of 3.68 percent. Increase was observed in the prices of food items including tomatoes (17.53 percent), pulse masoor (4.18 percent), pulse mash (2.87 percent), pulse gram (2.46 percent), pulse moong (2.02 percent), vegetable...
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