Weekly inflation inches up

Published September 25, 2012

Vegetable cart — File Photo
Vegetable cart — File Photo

ISLAMABAD, Sept 25: The weekly inflation rose marginally due to an increase in petrol prices of Rs6.52 per litre, for the week ending Sept 30, according to data released by Pakistan Bureau of Statistics on Tuesday.

According to the data, increase in weekly inflation was more for the higher income groups compared to the low income groups.

Ccompared to the previous week the combined income group witnessed an increase of 0.90 per cent, while the highest income earning more than Rs35,000 per month faced an inflationary impact of 1.06 per cent.

The inflation for upper mid level income group, earning between Rs18,001 and Rs35,000 per month, was 0.87 per cent higher than the previous week.

For the lower middle class earning between Rs8,001 and Rs12,000 per month, the weekly inflation was up 0.69 per cent, and for the lowest income bracket earning up to Rs8,000 per month, SPI increased 0.68 per cent against the previous week.

During the week under review, 20 items witnessed an increase in prices with major increase in the prices of onions and live farm chicken as their prices went up by around Rs10 per kilogram for the week, followed by an increase in petrol prices.

The prices of other items that witnessed increase in prices were cooked beef plate, long cloth, georgette, tea prepared, farm chicken eggs, kerosene oil, garlic, plain bread, shirting, irri-6 rice, potatoes, basmati broken rice, washed moong pulse, gur, mutton,wheat flour and washed mash pulse.

The prices of nine items witnessed a decline during the said week including bananas, tomatoes, diesel, sugar, LPG, loose vegetable ghee, wheat, loose red chillies powder and mustard oil.

However, the prices of 24 items remained unchanged in the week, which included beef, fresh milk, curd, milk powdered, packed cooking oil, packed vegetable ghee, washed masoor pulse, washed gram pulse, loose salt powdered, tea, cooked dal plate, cigarettes, lawn cloth, gents sandal, gents spring chappal, ladies sandal, electric charges, gas charges, firewood, energy savor 14 watts, washing soap, match box, local telephone calls and bath soap.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.
Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...