Weekly inflation witnesses increase

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on October 20, for the lowest income group up to Rs.8,000, has registered increase of 0.32 percent over the previous week.

The SPI for the week under review in the above mentioned group was recorded at 170.42 points as against 169.87 points registered in the previous week, according provisional figures of Federal Bureau of Statistics (FBS).

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 increase of 0.27 percent as it went up from 176.12 points in the previous week to 176.59 points in the week under review.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 8.24 percent.

During the week under review average prices of 15 items registered decrease, while that of 16 items increase with the remaining 22 items prices unchanged.

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