Weekly inflation drops 0.44pc

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation (as on Oct 10th) decreased by 0.44pc for the combined consumption group.

The SPI for the week under review in the above mentioned group was recorded at 126.47 points as against 127.03 points registered in the previous week, according to data released by the Pakistan Bureau of Statistics (PBS).

The SPI for the lowest consumption group, up to Rs17,732, also witnessed a 0.31pc decrease, from 130.08 points in the last week to 129.68 points during the week under review.

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 13.97pc, while for the lowest income group, it increased by 12.62pc.

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Meanwhile, the SPI for the consumption groups from Rs17,733-Rs22,888, Rs22,889-Rs29,517, Rs29,518-Rs44,175 and above Rs44,175 per month decreased by 0.41pc, 0.42pc, 0.46pc and 0.44pc respectively.

During the week under review, average prices of four items registered a decrease, while that of 22 items increased with the prices of 25 items remaining unchanged.

The prices of the commodities that recorded a decrease in their prices included chicken, tomatoes, bananas and gur.

On the other hand, the items that recorded an increase in their average prices included eggs, onions, potatoes, LPG cylinder, energy saver, matchbox, pulses (masoor, moong, mash, gram), cooked beef, raw beef, garlic, vegetable ghee (loose) rice (basmati broken), mutton, cooking oil (tin), vegetable ghee (tin), wheat flour, sugar, fresh milk and rice (irri-6).

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