Business
Weekly inflation increases by 1.3pc
SPI for the week under review in the aforementioned group was 271.56 points, up from 268.08 points the previous week.
Islamabad: The weekly inflation rate, as assessed by the Sensitive Price Indicator (SPI), increased by 1.30 percent on a year-on-year for the week ending August 3, according to official statistics from the Pakistan Bureau of Statistics (PBS).
According to PBS statistics, the SPI for the week under review in the aforementioned group was 271.56 points, up from 268.08 points the previous week.
The average price of 23 goods increased, 7 items decreased, and 21 items did not change throughout the week.
The items, which recorded an increase in their average prices on a week-on-week (WoW), included Wheat Flour (131.40%), Cigarettes (109.57%), Gas Charges for Q1 (108.38%), Tea Lipton (97.71%), Rice Basmati Broken (82.86%), Rice Irri-6/9 (72.73%), Tomatoes (67.54%), Chilies Powder (66.74%), Sugar (64.12%), Chicken (60.51%), Gents Sponge Chappal (58.05%), Gur (57.75%) and Potatoes (55.75%).
Meanwhile, decrease is observed in the prices of Onions (37.10%), Electricity for Q1 (18.06%), Pulse Masoor (15.07%) and Vegetable Ghee 1 kg (1.13%).