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Weekly Inflation eases

Islamabad: Weekly inflation for combined income group witnessed a decline of 0.38 per cent for the week ending on January 30 over the previous week.

The weekly inflation measured through the sensitive price index (SPI) declined for the past 10 consecutive weeks, suggested data issued by Pakistan Bureau of Statistics on Friday.

The decline is mainly fuelled by deceleration in price of perishable products like potatoes, onions and tomatoes etc. SPI monitors prices of 53 items based on the survey of 17 cities and 53 markets.

For the lowest income group earning up to Rs8,000, the SPI witnessed a decline of 0.34pc over the previous week while inflation for the top income group (Rs35,000 and above) was a dip of 0.39pc.

However, as compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 9.05pc.

The following items registered increase in their price: gram pulse washed (2.30pc), garlic (0.51pc), masoor pulse washed (0.48pc), curd (0.36pc), beef (0.31pc), wheat flour (0.16pc), rice basmati broken (0.10pc), mustard oil (0.10pc) and wheat (0.08pc).

While price of tomatoes, onions, chicken, sugar, LPG 11-kg cylinder, gur, mash pulse washed, red chillies powdered and vegetable ghee showed some decline.

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