SPI increases 1.81%
A key role of the central bank is to use monetary policy to achieve price stability by restricting the inflation rate to a certain level. Photo: File
The Sensitive Price Indicator (SPI) for the week ended November 11, 2021 registered an increase of 1.81% for the combined income group, going up from 164.53 points during the week ended November 4, 2021 to 167.5 points in the week under review. The SPI for the combined income group rose 17.37% compared to the corresponding week of previous year. The SPI for the lowest income group increased 1.55% compared to the previous week. The index for the group stood at 178.35 points against 175.63 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 30 items rose in a selected basket of goods, prices of six items fell and rates of remaining 15 goods recorded no change.
Published in The Express Tribune, November 13th, 2021.
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