Sensitive Price Indicator falls 0.67%
A fruit vendor awaits customers at a roadside in Karachi as flies hover over his goods. The prices of fruits often skyrocket in Ramazan. PHOTO: NNI
The Sensitive Price Indicator (SPI) for the week ended November 25, 2021 registered a decrease of 0.67% for the combined income group, going down from 169.29 points during the week ended November 18, 2021 to 168.16 points in the week under review.
The SPI for the combined income group rose 18.64% compared to the corresponding week of previous year. The SPI for the lowest income group decreased 0.81% compared to the previous week. The index for the group stood at 177.6 points against 179.05 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 20 items rose in a selected basket of goods, prices of eight items fell and rates of remaining 23 goods recorded no change.
On the other hand, rupee weakened against the US dollar at Rs175.46 in the inter-bank market on Friday compared with Thursday’s close of Rs174.97, according to the (SBP).
Published in The Express Tribune, November 27th, 2021.
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