Inflation: Index falls 0.53% during week

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended October 30 registered a decrease of 0.53% over the previous week for the lowest income group. The SPI for the group stood at 207.28 points against 208.38 in the previous week, according to provisional figures released by the Pakistan Bureau of Statistics. The SPI for the combined income group also decreased 0.44% from 215.86 points in the previous week to 214.90 in the week under review. Compared to the corresponding week of last year, the SPI for the combined income group rose 1.95%. During the week, average prices of 8 items in a selected basket of goods fell, prices of 11 items rose and rates of remaining 34 items recorded no change.

Published in The Express Tribune, November 1^st, 2014.

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