SPI falls 0.5%

SPI for lowest income group decreased 0.8% compared to previous week

ISLAMABAD:

The Sensitive Price Indicator (SPI) for the week ended December 30, 2021 registered a decrease of 0.5% for the combined income group, going down from 168.83 points during the week ended December 23, 2021 to 167.98 points in the week under review.

The SPI for the combined income group rose 20.05% compared to the corresponding week of previous year.

The SPI for the lowest income group decreased 0.8% compared to the previous week. The index for the group stood at 176.4 points against 177.82 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 22 items rose in a selected basket of goods, prices of seven items fell and rates of remaining 22 goods recorded no change. 

Published in The Express Tribune, January 1^st, 2022.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.