SPI stands at 41.9% due to massive hike in gas tariff.

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Islamabad: The massive increase in gas tariffs has put a heavy burden on the public who are already suffering from unshakable inflation as 10% in the Sensitive Price Index (SPI)% Increased; in the week ending November 16, compared to the previous week,

According to The News report published on Saturday, this significant increase was due to the recent five-fold increase in gas prices، While rising food prices also played an important role.

SPI estimates the weekly price moment of most kitchen items. This was 41.9% in the week under review during the same week a year ago. Last week it was 29.86%. The Pakistan Bureau of Statistics (PBS) reported on Friday that it had increased by 9.95% over the past week.

In particular, SPI inflation has been in double digits for most current and previous fiscal years، Which shows the effects of currency depreciation and higher energy rates.

According to PBS, over the past 10 weeks, SPI levels indicate mixed trends compared to the same weeks last year.

It was 26.25% during the week ended September 14, followed by 38.66% on September 21, 37.3% on September 27, 37.07% on October 5, 38.28% on October 12%، 35.45% was 19 October to 26 October to 29.65%, 29.88% on November 2, 29.86% on November 8, and now, in the week ending November 16، It has increased to 41.9%.

Gas prices increased by 480%, tea 8.9%, masur plus 5.3%, chicken 4%, garlic 3.1%, salt powder 3%, %, wheat flour 2.6%، Tea 2.1%, LPG and potatoes 2% and shirt price increased 1.1% in a week%.

Furthermore, for the lowest-income slab that earns up to 17,732 / month, SPI inflation was 35.72%, while for the group spending more than 44,175 / month، It was recorded 39.67%.

For the relevant week, an average price increase of 25 items (49.02%) was recorded, a decrease of 13 items (25.49%) was recorded, while the prices of 13 items (25.49%)%) No change shown, SPI Bulletin said.

The cost of gas charges (up to 3.3719 mmBtu) increased by 480% to Rs. 1,711 per mm BTU۔ Tea Lipton (of 190 gram packets) increased by 8.88% to Rs. 612.5, Masur Plus increased by 5.28% to Rs. 326.3/00 gm / kg, Chicken Farm 3.99% to 365 / kg، Garlic 3.1% to 549/kg, salt powder 2.93% to 69 rupees per 800 grams, wheat flour 2.64% Rs 2,825 per 20 kg bag, tea 2.07% prepared % 57.1/Cup, LPG 2.03% to Rs 3,188 per 11.67 kg cylinder, potatoes 2% to 109/kg, peanut plus 1.14% to 277/kg and shirt 1.1% to 413 per meter.

Prices of some items declined during the week, with electricity charges (Q1) ranging from 16.1% to Rs. 6.90 per unit, tomatoes 11.2% to 169/kg, sugar 4.24% to 137/Kilograms, including, diesel 2.15pc to 297.78 / liter, onion 1.5% to Rs121 / kg, vegetable ghee 1 kg 1.4pc to Rs513.5, petrol 0.73% to Rs282.44 / liter coking oil 5-liter 0.65% From Rs2,842, rice irri-6/9 0.42% 160/kg, vegetable ghee 2.5-kg 0.28% to Rs. 1,369.

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