Abb Takk News

Weekly Inflation Decreases by 0.2 per cent

ISLAMABAD: Weekly inflation for the combined group during the period ended on October 22 recorded a decrease of 0.23 per cent due to a decline in prices of essential food items, according to the Pakistan Bureau of Statistics (PBS).

The Sensitive Price Index (SPI) is calculated on the basis of the prices of 51 essential items collected from 50 markets in 17 cities of the country.

A report compiled by the PBS said this decrease was witnessed mainly due to a decline in prices of food items, including onions, down 4.75pc; chicken, 1.49pc; wheat flour, 1.31pc; gur, 1.26pc; moong pulse 1.03pc; mash pulse, 0.02pc; with a cumulative impact of minus 0.28 per cent in the overall SPI.

On the other hand, an increase of one percent or more was observed in prices of tomatoes, up 1.57pc, tea prepared 1.43pc, and potatoes 1.00pc.