Islamabad
The prices of kitchen items witnessed further decline for the second consecutive week as the Sensitive Price Indicator (SPI) based weekly inflation for the week ended on June 3, for the combined consumption group, decreased by 0.61 percent as compared to the previous week.
The SPI for the week under review in the above mentioned group was recorded at 148.38 points against 149.29 points registered in the previous week, according to the latest data of Pakistan Bureau of Statistics (PBS) released.
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 16.12 percent.
The weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups.
The Sensitive Price Indicator for the lowest consumption group up to Rs17,732 witnessed 0.47 percent decrease and went down to 159.31 this week from 160.06 points in last week.
Meanwhile, the SPI for the consumption groups from Rs17,732-22,888; Rs22,889-29,517; Rs29,518-44,175 and above Rs 44,175 also decreased by 0.65 percent, 0.66 percent and 0.75 percent.—APP
