Weekly inflation goes up 0.37%

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on September 22, 2011, for the lowest income group up to Rs 8,000, has registered an increase of 0.37 percent over the previous week.

The SPI for the week under review in the above mentioned group was recorded at 169.17 points as against 168.55 points registered in the previous week, according provisional figures of Federal Bureau of Statistics (FBS). The weekly SPI has been computed with base of 2007-2008=100, covering 17 urban centres and 53 essential items for all income groups and combined. SPI for the combined group registered nominal increase of 0.27 percent as it went up from 174.67 points in the previous week to 175.14 points in the week under review. As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 9.0 percent.

As compared to the last week, the SPI for the income groups from Rs 8001-12,000, 12,001 to 18,000, 18001 to 35,000 and above Rs 35,000 increased by 0.32 percent, 0.32 percent, 0.27 percent and 0.21 percent respectively.

During the week under review average prices of 8 items registered decrease, while that of 26 items increase with the remaining 19 items’ prices unchanged.

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