SPI increases 1.16%

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended March 7, 2019 registered a rise of 1.16% for the combined income group, going up from 245.45 points in the prior week to 248.29 in the week under review. However, the SPI for the combined income group surged 11.72% compared to the corresponding week of previous year. The SPI for the lowest income group also increased 1.08% compared to the previous week. The index for the group stood at 227.67 points against 225.23 in the previous week, according to provisional figures released by the Pakistan Bureau of Statistics (PBS). During the week, average prices of 24 items rose in a selected basket of goods, prices of five items fell and rates of remaining 24 goods recorded no change.

Published in The Express Tribune, March 9^th, 2019.

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