ISLAMABAD: Inflation measured through the Sensitive Price Index (SPI) posted a decline of 0.50 per cent for the week ended on Dec 30 driven by a sharp decline in the prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

The data released show that SPI-based inflation posted a negative growth after an increase for the past two consecutive weeks. In Nove­mber, the highest jump of 1.81pc in weekly inflation was recorded.

For the lowest income group earning below Rs17, 732 per month, the SPI dropped by 0.80 per cent and for the group earning above Rs44, 175, it dipped by 0.40pc. This was mainly due to a decline of 30.92pc in price of tomatoes, potatoes 7.92pc, chilies powdered 5.78pc, onions 2.39pc, wheat flour 0.42pc and pulse mash 0.22pc. In non-food items, only price of LPG declined by 1.59pc.

The items whose prices increased during the week included bananas 3.19pc, chicken 2.16pc, tea prepared 2.05pc, eggs 1.45pc and pulse masoor 1.10pc. During the week, out of 51 items, prices of 22 items increased, seven items decreased and 22 items remained constant.

Published in Dawn, January 1st, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Is there a plan?
Updated 06 Dec, 2022

Is there a plan?

The ball currently is in Imran's court, but it appears he is stumped as to what to do with it.
Riverfront concerns
06 Dec, 2022

Riverfront concerns

THE door-to-door drive being launched by a group of landowners to mobilise affected communities against what they...
Morality police out
06 Dec, 2022

Morality police out

FOR several months, Iran has been rocked by unprecedented protests, sparked by the death on Sept 16 of Mahsa Amini, ...
Extension legacy
Updated 05 Dec, 2022

Extension legacy

The practice of having individuals carry on well beyond their time is up.
Dodging accountability
05 Dec, 2022

Dodging accountability

A WARNING carried in these pages in August appears to have gone completely unheeded. Months ago, as the government...
Double standards
05 Dec, 2022

Double standards

IN a globalised world, if states fail to protect the human rights of their citizens, or worse, participate in ...