Weekly inflation drops 0.23pc

ISLAMABAD: The Sensitive Price Index (SPI)-based weekly inflation for the combined group during the period ended October 22 recorded a decrease of 0.23pc due to a decline in prices of essential food items, according to the Pakistan Bureau of Statistics (PBS).

The weekly SPI is calculated on the basis of prices of 51 essential items collected from 50 markets in 17 cities of the country.

A report compiled by the PBS said this decrease was witnessed mainly due to a decline in prices of food items, including onions (-4.75pc), chicken (-1.49pc), wheat flour (-1.31pc), gur (-1.26pc), moong pulse (-1.03pc) and mash pulse (-0.02pc).

On the other hand, an increase of 1pc or more was observed in prices of tomatoes (+1.57pc), tea prepared (+1.43pc), and potatoes (+1.00pc).

During the week under review, the rate of 14 essential items went up while that of 11 commodities decreased, whereas prices of 26 food items remained unchanged.

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