Weekly inflation witnesses nominal increase

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on August 11, 2011 for the lowest income group up to Rs 3,000 has registered nominal increase of 0.02 percent over the previous week.

The SPI for the week under review in the abovementioned group was recorded at 310.26 points against 310.20 points registered in the previous week, according to provisional figures of Federal Bureau of Statistics (FBS).

The weekly SPI has been computed with base 2000 2001=100 covering 17 urban centres and 53 essential items for all income groups and combined.

SPI for the combined group registered an increase of 1.91 percent as it went up from 298.18 points in the previous week to 303.87 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 15.84 percent.

As compared to the last week, the SPI for the income groups ranging from Rs 300-5000, Rs 5001-12000 and above Rs 12000 witnessed increase of 0.33 percent, 6.11 percent and 6.63 percent respectively. During the week under review average prices of 13 items registered decrease, while that of 17 items increase with the remaining 23 items’ prices unchanged.

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