The SPI-based inflation was up 7.65 percent at the closing week of financial year 2006-07 against the same period of last year affecting the lower income group. According to statistics released by the Federal Board of Statistic for the week ending June 28.
The Sensitive Price Indicator (SPI) stood at 7.65 percent against same period of last year and with 0.74 surge during the week it mounted to 154.75 from 153.62 of last week.
Increasing prices of essential commodities have been hitting hard the low-income groups, as inflation was 9.45 percent for the group earning Rs 3000 against 5.85 percent for those having income above Rs 12,000.
The inflation was 9.35 percent during the week under review for the income group of between Rs 3000 to 5000 and 8.58 for those having income between Rs 5000 to 12,000. The city-wise prices of 53 essential commodities pertaining to 17 urban centres showed an upsurge in prices of 15 items against decrease in prices of 11 whereas the prices remained unchanged for 27 items.
The statistics showed that the prices of tomatoes, eggs, gram, pulses, onion, chicken, cigarettes, wheat flour, wheat, masoor pulses washed, rice basmati broken, rice irri, red chillies, firewood, mustard oil and cooked dal plate increased.
However, the prices of garlic, LPG, potatoes, moong pulse washed, salt powdered, gur, vegetable ghee loose, mash pulse washed sugar and milk powder Nido declined. The tomatoes price increased by 45.77 percent, eggs 14.74 percent, gram pulse washed 2.20 percent, onion 2.02 percent, and chicken farm 1.45 percent. The prices of 19 items increased to double digits compared to last year.