Week-on-week: Sensitive Price Indicator decreases 0.55%

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended December 7, 2018 registered a decrease of 0.55% for the combined income group, going down from 239.25 points in the prior week to 237.94 in the week under review.

However, the SPI for the combined income group rose 5.8% compared to the corresponding week of previous year. The SPI for the lowest income group dropped 0.39% compared to the previous week. The index for the group stood at 219.39 points against 220.26 in the previous week, according to provisional figures released by the Pakistan Bureau of Statistics.

During the week, average prices of 15 items rose in a selected basket of goods, prices of 15 items fell and rates of remaining 23 goods recorded no change.



Moreover, on a monthly basis, the pace of inflation slowed down to 6.5% in November 2018, which may prompt many to raise eyebrows over the State Bank of Pakistan’s (SBP) decision to increase the discount rate to double digits.

Published in The Express Tribune, December 8^th, 2018.

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