Inflation on declining trend

Tuesday June 30, 2009

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation has been on declining trend as it reduced from 13.99 percent during the week ended on April 23 to 10.81 percent during the week ended on June 25.

According to Federal Bureau of Statistics, the change in inflation, for the combined groups, were recorded at 13.28 percent in the week ended on April 30, 11.82 percent on May 07, 11.20 percent on May 14 and 10.92 in the week ended on May 21.

Similarly, the SPI inflation recorded change of 10.25 percent during the week ended on May 28, 10.67 percent on June 4, 11.01 percent on June 11 and 11.78 percent on June 18.

The SPI for the week ended on June 25, for the lowest income group up to Rs.3,000, has registered nominal increase of 0.11 percent over the previous week.

The SPI for the week under review in the above mentioned group was recorded at 226.51 as against 226.27 registered in the previous week.

SPI for the combined group registered increase of 0.16 per cent by growing up from 215.78 in the previous week to 216.12 in the week under review.

As compared to the corresponding week of last year, the SPI for combined group in the week under review witnessed increase of 10.81 percent.

During the week under review average prices of 9 items registered decrease, while that of 20 items increase with the remaining 24 items’ prices unchanged.


(AFP)

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