Weekly inflation falls by 0.22pc

Published December 20, 2014
— Reuters/File
— Reuters/File

ISLAMABAD: Weekly in­flation for combined income group, measured through the Sensitive Price Index (SPI), witnessed a slight decline of 0.22 per cent for the week ending December 18 as compared to the previous week, Pakistan Bureau of Statistics data showed on Friday.

SPI monitors prices of 53 items based on the survey of 17 cities and 53 markets.

The impact of prices on various income groups also witnessed variations during the week under review.

For the lowest income group earning up to Rs8,000, the SPI decreased by 0.04pc over the previous week, while inflation for the top income group (Rs35,000 and above) was down by 0.29pc.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review decreased by 0.94pc.

The items which recorded increase in their average prices included tomatoes, LPG, farm eggs, chicken bird and bananas.

Published in Dawn, December 20th, 2014

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