Prices of essential items rise by 13.74 percent for income group above Rs35,000

ISLAMABAD: Prices of essential items have registered increase by 13.74 percent for income group above Rs35,000 for the week ended February 07, 2019 as compared with the ending of same week a year ago, according to data released by Pakistan Bureau of Statistics (PBS) on Monday.

The Sensitive Price indicator (SPI) based inflation for other income groups, which are included: Up to Rs8,000 by 5.77 percent; Rs8,001-Rs12,000 by 6.07 percent; Rs12,001 – Rs18,000 by 6.08 percent; and Rs18,001 – Rs35,000 by 10.11 percent.

The combined effect of the inflation was recorded 9.24 percent for the period under review.

The PBS computes prices of 53 essential items on weekly basis for determination of Sensitive Price Indicator (SPI) based inflation.

According to the weekly data around 12 items registered increase in their prices and 13 items posted decline in their prices. The prices of 28 items were remained unchanged.

The net effect of inflation on weekly basis was 0.29 percent.

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