Weekly SPI inflation eases

ISLAMABAD: Inflation for the week ended March 21 for the combined income group witnessed a decline of 0.19 percent, compared with the previous week, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Friday.

The sensitive price indicator (SPI) for the week under review in the abovementioned group was recorded at 248.30 points against 248.77 points registered in the previous week, it added. SPI for the combined group in the week under review increased 12.12 percent.

Meanwhile, SPI for the lowest income group up to Rs8,000 also decreased 0.25 percent, as it went down to 227.95 points during the week under review from 228.53 points in the previous week.

SPI for the income groups from Rs8,001-Rs12,000, Rs12,001-Rs18,000, Rs18,001-Rs35,000 and above Rs35,000 also decreased 0.21 percent, 0.21 percent, 0.20 percent and 0.15 percent, respectively. Average prices of nine items registered increase, 22 decreased, while prices of the two items remained unchanged.