SPI increases 0.52%
Terming inflation another problem for Pakistan, the governor blamed global commodity prices for the upsurge. photo: reuters
The Sensitive Price Indicator (SPI) for the week ended March 10, 2022 registered an increase of 0.52% for the combined income group, going up from 170.53 points during the week ended March 3, 2022 to 171.41 points in the week under review. The SPI for the combined income group rose 16.49% compared to the corresponding week of previous year. The SPI for the lowest income group increased 0.48% compared to the previous week. The index for the group stood at 178.95 points against 178.1 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 nine items fell and rates of remaining 22 goods recorded no change.
Published in The Express Tribune, March 12th, 2022.
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