Chief Editor: Ansar Mahmood Bhatti

Weekly inflation up 0.45 pc as food prices continue to rise

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ISLAMABAD, Oct 17 (DNA): Weekly inflation for the combined group during the period ended on October 15 increased by 0.45 per cent to 9.20 per cent year-on-year basis due to rising prices of essential food items,
according to the Pakistan Bureau of Statistics (PBS).

The Sensitive Price Index (SPI) is calculated on the basis of the prices
of 51 essential items collected from 50 markets in 17 cities of the
country.

According to data, the increase was reported due to a rise of one per
cent or more in prices of essential commodities, including chicken, up
15.35 pc; eggs 5.84 pc;  tomatoes 3.45 pc and sugar 2.14 pc.

On the other hand, a decrease was witnessed in the prices of bananas,
down 2.49 pc; onions 2.30pc, potatoes 1.75 pc, moong pulse 0.64 pc and
gur 0.21 pc.

Earlier, on October 2, the PBS had issued a monthly review of inflation
in the country, showing an increasing trend of 1.54 per cent in prices
of commodities during September 2020. The PBS review showed that
inflation remained at 9.04 per cent in September 2020 as compared to the
corresponding month last year.

Inflation stood at 8.85 percent in the first three months of this fiscal
year that is from July to September 2020 as compared to the same period
of the previous year. DNA

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