Sharp expansion in food costs pushes expansion up

increase in food prices
ISLAMABAD: Inflation estimated through the Sensitive Price Index (SPI) posted an expansion of 0.08 percent for the week finished on January 6 driven by a sharp expansion in the costs of fundamental food and non-food things, information delivered by the Pakistan Bureau of Statistics (PBS) displayed on Friday.

The PBS information showed that SPI-based expansion posted a positive development following a decay past week. In November, the most noteworthy leap of 1.81pc in week by week expansion was recorded.

For the least pay bunch acquiring beneath Rs17,732 each month, the SPI diminished by 0.28pc and for the gathering procuring above Rs44,175, it expanded by 0.22pc.

The general increment was principally because of an increment of 5.23pc in potato cost, trailed by chicken 4.45pc, bananas 2.56pc, onions 2.12pc, beat masoor 1.55pc, beat gram 1.46pc and beat pound 1.44pc. In non-food things, cost of diesel and salt expanded by 2.75pc every, petroleum 2.68pc and match box 1.45pc.

 During the week, out of 51 things, costs of 25 things expanded, seven things diminished and 19 things stayed consistent.

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