Pakistan News

SPI rises

SPI rises

ISLAMABAD: Weekly inflation for combined income group, measured through the Sensitive Price Index (SPI), increased by 0.15 per cent for the week ended July 30 as compared to the previous week, Pakistan Bureau of Statistics (PBS) data showed on Friday.

SPI monitors prices of 53 items based on the survey of markets in 17 cities.

The impact of prices on various income groups also witnessed variations during the week under review.

For the lowest income group earning up to Rs8,000, the SPI increased by 0.16pc over the previous week, however, inflation for the top income group (Rs35,000 and above) was down by 0.15pc.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review declined by 1.57pc.

The items which recorded increase in their average prices included tomatoes, eggs (farm), tea, potatoes, garlic, mutton, gram (pulse), onions, beef, rice (basmati) and wheat flour (bag).

Published in Dawn, August 1st, 2015

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