The weekly inflation, measured by the Sensitive Price Indicator (SPI), has witnessed a nominal decrease of 0.07 percent for the combined consumption group during the week ended on July 20, Pakistan Bureau of Statistics (PBS), the 24NewsHD TV channel reported on Friday.
The SPI for the week under review in the above-mentioned group was recorded at 258.45 points as compared to 258.63 points during the past week, according to the PBS data.
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 29.16 percent.
The weekly SPI with the base year 2015-16 =100 is covering 17 urban centers and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group up to Rs 17,732, increased by 0.51 percent and went up to 267.24 points from last week’s 265.88 points.
The SPI for consumption groups from Rs 17,732-22,888, Rs 22,889-29,517, and Rs 29,518-44,175; however increased by 0.35 percent, 0.20 percent, and 0.03 percent respectively while it declined by 0.28 percent for consumption group above Rs 44,175.
During the week, out of 51 items, prices of 30 (58.82%) items increased, 09 (17.65%) items decreased and 12 (23.53%) items remained stable.