Weekly Inflation SPI increases by 0.17%

Weekly inflation measured by the Sensitivity Price Indicator (SPI) for the week ended August 2nd, 2018 registered an increase of 0.17% for the combined income group, going up from 229.16 points the week before to 229.55 points this week.

Compared to the corresponding period of the previous year, SPI increased by 4.91% on a year on year (YoY) basis. SPI on a YoY basis during the previous week ending on July 26, 2018 had been recorded at 4.76%.

Of the 53 items monitored, the average prices of 15 items registered an increase, while 7 items decreased, and 31 items remained unchanged.

The items, which registered a decrease in their prices during the week under review include tomatoes, bananas, red chilly powder, chicken, eggs, wheat flour, and pulse masoor.

The items, which registered an increase in prices include onions, LPG cylinder, garlic, potatoes, sugar, tea (prepared at an average hotel), milk, curd, cooked beef, vegetable ghee, gur, beef, rice, wheat and soap.

The items with no change in their average prices during the week under review include rice irri-6, plain bread, mutton, powdered milk, mustard oil, cooking oil, vegetable ghee, pulse moong, pulse mash, pulse gram, salt powder, tea (Lipton), cooked daal, cigarettes, long cloth, shirting, printed lawn, georgette, gents sandal (Bata), gents chappal (Bata), ladies sandal (Bata), electricity charges (up to 50 units), gas charges (up to 3.3718 MMBTU), kerosene oil, firewood whole, electric bulb (energy saver of 14W), washing soap, match box, petrol, hi-speed diesel, and telephone call charges for 3 minutes.

Posted on: 2018-08-03T15:50:00+05:00