SPI moves up 0.81%

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended August 1, 2019 registered an increase of 0.81% for the combined income group, going up from 264.88 points during the week ended July 25, 2019 to 267.02 points in the week under review. The SPI for the combined income group surged 16.32% compared to the corresponding week of previous year. The SPI for the lowest income group increased 0.44% compared to the previous week. The index for the group stood at 245.5 points against 244.42 points in the previous week, according to provisional figures released by the Pakistan Bureau of Statistics (PBS). During the week, average prices of 32 items rose in a selected basket of goods, prices of seven items fell and rates of remaining 14 goods recorded no change.

Published in The Express Tribune, August 8^th, 2019.

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