Pakistan’s weekly SPI increases by 0.42 percent

November 16, 2018 (MLN): Pakistan’s weekly Sensitive Price Index (SPI) for the combined group has mounted by 0.42% over the week ended November 8, 2018, and by 5.71% over the corresponding period of last year (week ended on November 16, 2017).

Pakistan Bureau of Statistics (PBS) has released the official numbers for this week’s SPI, which show that out of the 53 essential items that are monitored, the average prices of 25 items have increased while that of 5 items registered a decline. The remaining 23 items did not witness any price change, through the week.

SPI’s for the largest income group (above Rs.35, 000), as well as the smallest income group (Upto Rs.8, 000), have recorded the smallest increase over the week, that of 0.41%, when compared to the other income groups.

However, over the year, the largest income group has recorded the greatest increase of 10.10%, while the smallest income group has accounted for the smallest increase (1.69%) in SPI, over the year.

Copyright Mettis Link News

Posted on: 2018-11-16T16:37:00+05:00

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