SPI increases 3.63%
Prices of wheat flour, sugar, chicken, milk, eggs, cooking oil, potatoes and tomatoes increased further last week, throwing a challenge to the government. photo: file
The Sensitive Price Indicator (SPI) for the week ended June 30, 2022 registered an increase of 3.63% for the combined income group, going up from 190.98 points during the week ended June 23, 2022 to 197.92 points in the week under review. The SPI for the combined income group rose 32.01% compared to the corresponding week of previous year. The SPI for the lowest income group increased 3.79% compared to the previous week. The index for the group stood at 204.53 points against 197.06 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 six items fell and rates of remaining 17 goods recorded no change.
Published in The Express Tribune, July 2nd, 2022.
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