Inflation: Sensitive Price Indicator rises 6.6%

During the week, average prices of 12 items decrease, while that of 24 items witnessed an increase, 17 were unchanged.

ISLAMABAD:

The Sensitive Price Indicator (SPI) for the week ended on October 27 for the combined group witnessed an increase of 6.6% as compared to the corresponding week of last year.

The SPI for the lowest income group up to Rs8,000 has registered an increase of 0.27% over previous week. SPI for the week under review in the above mentioned group was recorded at 171.82 points against 171.36 points registered in the previous week, according to provisional figures of Federal Bureau of Statistics.

The weekly SPI has been computed with base 2007-2008=100, covering 17 urban centers and 53 essential items for all income groups and combined. SPI for the combined group registered an increase of 0.17% as it was registered at 177.68 points in the current week as against 177.37 during the previous week.

During the week, average prices of 12 items registered a decrease, while that of 24 items witnessed an increase with the remaining 17 items’ prices unchanged.

Published in The Express Tribune, November 5^th,  2011.