Inflation Rate Increased
Inflation Rate Increased: Data released by the Pakistan Bureau of statistics (PBS) revealed that the sensitive price indicator (SPI)-based inflation for the combined income groups increased 0.93 % as compared to the previous week of May 2018.
Pakistan’s annual inflation rate edged up to 3.68 percent % in April from 3.25 percent a month earlier.
On a month-on-month basis, the inflation rate was 1.82% in April, the bureau said. In March it was 0.31 percent.
The SPI for the week under review was recorded at 229.53 points against 227.37 points last week.
SPI for the combined group in the week under review witnessed an increase of 2.7 percent.
SPI for the lowest income group up to Rs.8, 000 also increased 0.83%, as it went up to 212.48 points in the week under review from 210.74 points in the previous week.
SPI for the income groups from Rs.8,001 to Rs.12,000, Rs.12,001 to Rs.18,000, and Rs.18,001 to Rs.35,000 and above Rs.35,000 increased 0.88 percent, 0.93 percent, 0.95 percent and 0.95 percent, respectively.
Average prices of 21 items increased, four registered decline, while prices of the remaining 28 items remained unchanged.
Items with Increased Price
The items, which registered increase in prices included
- bananas,
- tomatoes,
- potatoes,
- onions,
- chicken farm,
- match box,
- tea,
- salt powder (loose),
- Irri-6,
- wheat,
- beef, mutton,
- eggs (farm),
- milk fresh,
- LPG cylinder,
- vegetable ghee (tin),
- vegetable ghee (loose),
- red chilly powder,
- gur,
- sugar,
- and pulse masoor.
Items With Decreased Price
The items, which registered decrease in their prices included
- garlic,
- wheat flour,
- pulse mash,
- and pulse moong.
Items with No Change In Price
The items with no change in their average prices during the week under review included
- basmati (broken),
- bread plain,
- curd,
- powdered milk,
- mustard oil,
- cooking oil (tin),
- pulse gram,
- cooked pulses,
- tea (prepared),
- cigarettes,
- long cloth,
- shirting,
- lawn printed,
- georgette,
- gents shoes,
- ladies shoes,
- electricity and gas charges,
- kerosene,
- firewood whole,
- electric bulb,
- washing soap,
- petrol,
- hi-speed diesel,
- telephone local call charges,
- and bathing soap.
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