Motor vehicle prices climb highest within Transport group: PBS

MG News | October 02, 2018 at 05:20 PM GMT+05:00

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October 2, 2018 (MLN): Motor fuel prices during September have taken a leap of largest magnitude on a year-on-year basis, in comparison with other items within the Transport group in CPI basket.

With a CPI weightage of 7.2%, the impact of Transport group on CPI has increased by 0.97%, YoY, while the indices for the group increased by 16.8%, revealed the official data from PBS.

The CPI numbers of motor fuel have increased by 24.8%, YoY, while those of transport services have recorded a growth of 15.4%, thus securing the next position in line.

The price increase of motor vehicles during the month, reflects in an 11.4% leap in their CPI indices.

Within the lot, motor fuel has the highest CPI weightage of 3% while transport services follow close behind with 2.7%.

		Index numbers	% Change in Sept 2018 over
Transport	Weight	Sep-18	Aug-18	Sep-17	Aug-18	Sep-17
Motor Vehicles	0.663	197.12	196.91	176.88	0.11%	11.44%
Motor Vehicle Accessories	0.2439	220.6	218.65	213.57	0.89%	3.29%
Motor Fuel	3.0269	183.18	184.6	146.77	-0.77%	24.81%
Mechanical Service	0.4552	245.9	244.82	232.07	0.44%	5.96%
Motor Vehicle Tax	0.1099	210.18	210.18	210.18	0.00%	0.00%
Transport Services	2.7034	223.38	221	193.59	1.08%	15.39%

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