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Home Business & Stock

Weekly inflation dips by 0.28 pc in Pakistan

MM News Staff by MM News Staff
February 2, 2024
The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.28 per cent for the combined consumption groups during the week ended on February 1st, the Pakistan Bureau of Statistics (PBS) reported on Friday.
 
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 317.65 points as compared to 318.55 points during the past week.

 

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 39.45 per cent.
 
The weekly SPI with the base year 2015-16 =100 covers 17 urban centres and 51 essential items for all expenditure groups.
 
The SPI for the lowest consumption group up to Rs. 17,732, decreased by 0.85 percent and went down to 310.42 points from last week’s 313.09  points.
 
The SPI for consumption groups from Rs. 17,732-22,888, Rs. 22,889-29,517; Rs. 29,518-44,175 and above Rs. 44,175, decreased by 0.71 percent, 0.53 percent, 0.41 and 0.06 percent respectively.
 
During the week, out of 51 items, prices of 12 (23.53%) items increased, 17 (33.33%) items decreased and 22 (43.14%) items remained stable.
 
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