Weekly SPI inflation dips 0.35pc

Pakistan’s weekly Sensitive Price Index (SPI) fell 0.35 percent in the week to October 29, taking the combined reading from 374.84 to 373.51 points, Business Recorder reported, citing Pakistan Bureau of Statistics data. Lower electricity charges for the first quarter, chicken, eggs, wheat flour and LPG contributed to the weekly decline.

Prices rose for 15 of the 51 items tracked, while 12 became cheaper and 24 were unchanged. Despite the week-on-week easing, the SPI was 11.32 percent higher than a year earlier, with LPG, electricity charges, diesel and petrol among the items showing steep annual increases. The index declined across all five listed income brackets, with the largest weekly drop, 0.41 percent, recorded for households earning Rs44,175 or more.