Sunday, October 25, 2020

 Inflation surged 0.4% WoW, eight weeks high

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
Weekly inflation has been climbed 0.40 % mainly due to increase in prices of garlic, sugar, onion and some pulses during last week.

 

Pakistan Bureau of Statistics (PBS) has issued the data says, Sensitive Price Index (SPI) increased by 6.19 percent on year on year while it grows by 0.40 percent on week on week basis which is at the highest level after Nov 2018.

 

“Sensitive Price Index (SPI) increased by 6.19%”

 

PBS shows that weekly inflation put more pressure on poor families as compare to rich people.

 

According to the data, SPI increased by 0.51 percent for the poorest segment who earn up to Rs 8000 a month. SPI surged by 0.47 percent for the income group of up to Rs12000, 0.45 percent for the income group of up to Rs.18000, 0.41 percent for the income group of up to Rs 35000 and 0.34 percent for the income group of more than 35000 a month.

 

Contrary of weekly inflation, PBS claimed that inflation hit more to rich society comparatively to poor segment of the society.

 

According to the data, SPI increased by 3.42 percent for the poorest segment whose income up to Rs 8000 a month.

 

The data shows that SPI surged by 3.79 percent for the income group of up to Rs12000, 3.80 percent for the income group of up to Rs.18000, 6.79 percent for the income group of up to Rs 35000 and 9.83 percent for the income group of more than 35000 a month.

 

The data shows that the prices of 24 essential items increased by up to 16 percent during the week ended on 10 January as compare to last week.

“24 essential items increased by up to 16%”

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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