Weekly inflation increases by 1.3%

August 04, 2023 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.30% during the week ended August 03, 2023, while on a yearly basis, it has increased by 29.83% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 271.56 compared to 268.08 on July 26, 2023, while the index was recorded at 209.17 a year ago, on Aug 04, 2022

Out of the 51 monitored items, the average price of 23 items increased, 7 items decreased whereas 21 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.82% and 1.53%.

The Lowest Income Group witnessed a weekly increase of 0.82% while the highest income group recorded an increase of 1.53%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 26.47% and 33%.

Yearly SPI for the Lowest Income Group increased by 28.48% while the highest income group recorded an increase of 31.4%.

The average price of Sona urea stood at Rs.3408 per 50 kg bag which is 0.47% higher than last week’s price and 41.23% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.1143 per 50 kg bag, which is 0.26% higher than the previous week and 9.8% higher than prices last year.

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