Sensitive Price Indicator rises 5.8%
SPI, in the week under review, for the lowest income group up to Rs8,000, has registered an increase of 0.90% over the previous week. The SPI for the week under review in the above mentioned group was recorded at 173.36 points as against 171.82 points registered in the previous week, according to Federal Bureau of Statistics (FBS).
The weekly SPI has been computed with base 2007-2008=100 covering 17 urban centres and 53 essential items for all income groups and combined.
The SPI for the combined group registered an increase of 0.85% by rising from 177.68 in the previous week to 179.19 in the week under review.
As compared to last week, the SPI for the income groups ranging from Rs8,001-12,000, Rs12,001-18,000, Rs18,001-35,000 and above Rs35,000 witnessed an increase of 0.90%, 0.91%, 0.87% and 0.77% respectively. During the week under review average prices of nine items registered a decrease, while that of 22 items
increased with the remaining 22 items’ prices
unchanged.
Published in The Express Tribune, November 12th, 2011.
COMMENTS (1)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
This indicator is too Sensitive. A little less massaging of numbers should show we are in the midst of stagflation, with a high probability of turning into hyperinflation. Just look at the huge deficit financing going on and public sector bank borrowings. Therein lies the answer.