SPI increases 0.67%
FAO noted that cereal prices rose “even as world cereal production is on course to reach a new record high. PHOTO: REUTERS
The Sensitive Price Indicator (SPI) for the week ended November 4, 2021 registered an increase of 0.67% for the combined income group, going up from 163.44 points during the week ended October 28, 2021 to 164.53 points in the week under review. The SPI for the combined income group rose 15.21% compared to the corresponding week of previous year. The SPI for the lowest income group increased 0.9% compared to the previous week. The index for the group stood at 175.63 points against 174.06 points in the previous week, according to provisional figures released by the Pakistan Bureau of Statistics (PBS). During the week under review, average prices of 28 items rose in a selected basket of goods, prices of three items fell and rates of remaining 20 goods recorded no change.
Published in The Express Tribune, November 6th, 2021.
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