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CPI up 13. 16pc, SPI 16. 83pc and WPI 25. 41pc in March

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From International Desk - Special Reports

ISLAMABAD - Inflation measured by the Consumer Price Index (CPI) rose to 13. 16 per cent during last month (March) against the same period last year, Federal Bureau of Statistics reported on Wednesday.

According to the figures, CPI-based inflation went up to 13. 16 per cent in March 2011 against the 12. 91 per cent in March 2010. Meanwhile, it rose to 14. 20 per cent during first nine months (July-March) of 2010-11 over the corresponding period of the last fiscal when it stood at 11. 29 per cent.
The CPI is a main gauge of price changes at the retail level, which covers 374 items in 35 major cities and roughly reflects changes in cost of living of urban areas. The inflation mostly fuelled by increase in prices of food and transport and communication charges. The charges of recreation and entertainment, cleaning and laundry as well as medical expenses were also exorbitant.
Sensitive Price Indicator (SPI) that cover 53 essential kitchen items has recorded at16. 83 per cent and Wholesale Price Index (WPI) based inflation increased by 25. 41 per cent in the month of March compared with 18. 17 and 21. 80 per cent respectively recorded last year in same month.
The FBS latest snapshot of inflation for March 2011, however reveals that prices in CPI basket increased on average by 1. 48 per cent and Sensitive Price Indicator (SPI) by 0. 79 per cent and WPI up by 3. 34 per cent over the prices of previous month February 2011.
The break-up of CPI-based general inflation in March illustrated that food inflation went up by 17. 97 per cent, Medicare rates shot up by 16. 30 per cent, cleaning and laundry rates by 13. 55 per cent, apparel, textile and footwear prices soared by 13. 47 per cent, household, furniture and equipment by 11. 60 per cent, transport and communication 10. 53 per cent, recreation and entertainment by 10. 5 per cent, fuel and lighting charges by 9. 1 per cent, house rents were increased by 6. 63 per cent while education expenses up by 5. 13 per cent.




Courtesy: Nation


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