Weekly SPI inflation down 0.36pc

KARACHI: The Sensitive price indicator (SPI) for the week ended March 28 decreased slightly by 0.36 percent over the previous week, and rose a whopping 11.90 percent as compared to weekly inflation in the corresponding period last year, official data showed on Friday.

Pakistan Bureau of Statistics (PBS) data showed that weekly inflation for the combined income group declined, recording at 247.41 points against 248.30 points last week.

SPI for income group of up to Rs8,000 decreased 0.36 percent during the week under review as compared to the preceding week, while registering 8.80 percent increase compared to weekly inflation in the corresponding period last year.

Weekly inflation for the group earning Rs8,001 to Rs12,000 declined by 0.36 percent. The SPI for the people earning between Rs12,001 and Rs18,000 went down 0.38 percent; and for those making Rs18,001 and Rs35,000 it went down 0.37 percent.

The income group earning above Rs35,000 recorded the lowest decrease in inflation at 0.34 percent; however, the weekly SPI increased a whopping 16.14 percent for this quintile compared to the weekly inflation in the corresponding period last year.