Weekly inflation falls.

ISLAMABAD -- Weekly inflation for the combined group in the period ended on June 3 fell by 0.61 per cent on the back of a slight decline in prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) on Friday showed.

This will be the second consecutive week when the weekly inflation fell slightly on the back of drop in prices of perishable products. The PBS calculates the Sensitive Price Index (SPI) based on the prices of 51 essential items from 50 markets across 17 cities of the country.

For the lowest income group earning below Rs17,732 per month, the SPI decreased by 0.47pc, while for those who are earning above Rs44,175 it recorded a decline of 0.55pc.

This was mainly due to a decline in prices of...