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Tuesday, November 5, 2024

Home Business Inflation inches down for second straight week by 0.1pc

Inflation inches down for second straight week by 0.1pc

by News desk
October 3, 2021
in Business

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The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 30, 2021 for the combined consumption group witnessed a decrease of 0.10 percent, second in a row, as com-pared to the previous week, while it went 12.97 percent up on a year-on-year (YoY) basis.

According to data released by the Pakistan Bu-reau of Statistics (PBS) on Friday, the combined index was at 157.04 on September 30, 2021 as com-pared to 157.19 on September 23, 2021 while the index was recorded at 139.01 a year ago on October 01, 2020. The SPI is computed on a weekly basis to assess the price movements of essential commodities at a shorter interval of time so as to review the price situation in the country.—TLTP