Weekly inflation down by 0.46pc

Samina Nazli

ISLAMABAD: Contrary to the continuous price hike consumers were faced with, Pakistan's statistical authorities on Friday claimed nominal decline in the inflation figures for combined income groups.
According to the estimates released by the Federal Bureau of Statistics on Friday, the Sensitive Price Indicator (SPI) based weekly inflation decreased by 0.46 percent for the week ended October 19 as compared to the previous week. These estimates were made for combined income groups. 
The latest data released by the FBS, the SPI for the week under review stood at 225.23 points against 224.20 points during the preceding week.
However, the data showed that SPI registered an increase of 2.21 per cent during the week under review as compared to the corresponding week of last year.
The weekly SPI has been computed with base 2007, 2008=100, covering 17 urban centers and 53 essential items for all income groups. Meanwhile, the SPI for the lowest income group up to Rs 8,000 increased by 0.46 percent as it went down from 215.27 points in the previous week to 216.27 points in the week under review.
As compared to the last week, the SPI for the income groups from Rs 8001 to 12,000, Rs 12,001 to 18,000, Rs 18,001 to 35,000 and above Rs 35,000, was also increased by 0.46 percent, 0.47 percent, 0.47 percent and 0.45 percent respectively.
During the week under review, average prices of 09 items registered decrease, while 14 items increased with the remaining 30 items' prices unchanged.
The items, which registered decrease in their prices during the week under review included garlic, mash pulse, moong pulse, bananas, sugar, gur, gram pulse, vegetable ghee and red chilly powder.
The items, which registered increase in their prices during the week under review included chicken (farm), onions, tomatoes, eggs, potatoes, LPG Cylinder, rice (Basmati broken), wheat, mutton, mustard oil, rice (irri-6), masoor pulse, firewood and wheat flour.
The items with no change in their average prices during the week under review included bread, beef, milk (fresh), curd, milk (powdered), cooking oil, vegetable ghee, salt, tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, electric bulb, washing soap, match box, petrol, hi speed diesel, telephone local call and bath soap.