Inflation keeps on increasing

By: Imran Ali Kundi

ISLAMABAD, August 25, 2012: Though Ramazan has ended but the inflationary trend is still continuing as inflation based on Sensitive Price Indicator (SPI) increased by 8.55 per cent during the week ended on August 23 against the same period of last year.According to the latest figures released by Pakistan Bureau of Statistics (PBS) on Friday, the SPI-based inflation enhanced by 8.55 per cent during the week ended on Thursday on annual basis while it recorded an increase of 1.16 per cent on weekly basis. It might be mentioned here that inflation accelerated in the holy month of Ramazan as prices of all basis items increased. However, despite ending of the holy month, the prices of food and other commodities are on the rise.According to the latest PBS figures, inflation for the lower earning class of the society (earning up to Rs 8000 per month) was recorded at 9.45 per cent, followed by 11.43 per cent for the income group earning up to Rs 8001-12000 per month. Meanwhile, inflation for the income group earning Rs 12001-Rs 18000 per month was registered at 11.08 per cent, followed by 7.56 per cent for the income group earning Rs 18001-Rs 35000 per month.However, the least effect of the inflation was once again observed for the higher income group (earning above Rs 35000 per month) as it was recorded at 5.50 per cent for the said class.SPI monitors prices of 53 items based on the survey of 17 cities and 53 markets. According to the latest PBS figures, prices of 22 items registered increase, 5 items recorded decrease and 26 items remained unchanged during the week that ended on Thursday. Prices of onions rose to Rs 45 per kg in the period under review from Rs 36 per kg of the preceding week, tomatoes price increased to Rs 80 from Rs 66, prices of potatoes enhanced to Rs 33 from Rs 31.72, price of diesel went up to Rs 107 per litre from Rs 103, price of petrol surged to Rs 98 per litre from Rs 95, price of kerosene oil increased to Rs 113.15 per litre from Rs 109.75, prices of garlic enhanced to Rs 111 per kg from Rs 108, price of chicken (live) surged to Rs 149.25 per kg from Rs 145 and price of wheat flour bag (10 kg) rose to Rs 308 from Rs 302. Similarly, prices of wheat, mutton, LPG (11 kg cylinder), beef, mash pulse washed, gram pulse washed, eggs, rice irri-6, sugar and rice basmati broken recorded increase during the period under review. According to the PBS figures, price of per dozen bananas decreased to Rs 94 from Rs 99, per kg price of red chillies reduced to Rs 294 from Rs 297, price of moong pulse (washed) went down to Rs 119.24 from Rs 119.36, price of per kg gur decreased to Rs 72.97 from Rs 73.02 and price of vegetable ghee (loose) reduced to Rs 167.37 from Rs 167.42 in the period under review. However, prices of bread plain, fresh milk, curd, milk powdered, mustard oil, cooking oil (tin), masoor pulse washed and salt, did not register any change and remained unchanged in the period under review.

Courtesy: DAWN

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More