ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on October 14, inflation index for the lowest income group rose by up to Rs 3,000 and has registered a increase of 0.88 percent over the previous week.
The SPI for the week under review in the above mentioned group was recorded at 288.52 points compared to 286.01 points registered in the previous week, according to provisional figures of Federal Bureau of Statistics (FBS).
The weekly SPI is calculated with base set at 2000-2001, covering 17 urban centers and 53 essential items for all income groups and combined. SPI for the combined group registered positive growth of 0.72 percent as it went up from 272.46 points in the previous week to 274.41 points in the week under review.
Compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 20.68 percent. The SPI for the income groups ranging from Rs 3001-5000, Rs 5001-12000 and above Rs 12000 increased by 0.84 percent, 0.77 percent and 0.59 percent respectively.
During the week under review average prices of nine items registered decline, while that of 23 items increased with 21 items’ prices unchanged.