Weekly inflation falls 0.23 percent

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From Our Correspondent

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 11 for the combined income groups witnessed nominal decrease of 0.23 percent as compared to previous week.

The SPI for the week under review in the above mentioned group was recorded at 224.88 points against 225.39 points last week, according to the latest data released by Pakistan Bureau of Statistics (PBS) yesterday.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 3.06 per cent.

The weekly SPI has been computed with base 2007, 2008=100, covering 17 urban centers and 53 essential items for all income groups.

Meanwhile, the SPI for the lowest income group up to Rs 8,000 also decreased by 0.22 percent as it went down from 214.39 points in the previous week to 213.92 points in the week under review. As compared to the last week, the SPI for the income groups from Rs 8001 to 12,000, Rs 12,001 to 18,000, Rs 18,001 to 35,000 and above Rs 35,000, also decreased by 0.22 percent, 0.23 percent, 0.23 percent and 0.22 percent respectively.

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