Times of Islamabad

Sensitive Price Indicator based weekly inflation in Pakistan reduced

Sensitive Price Indicator based weekly inflation in Pakistan reduced

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation forthe week ended on February 20 decreased by 0.14pc as compared to theprevious week.

The SPI for the week under review in the combined consumption group wasrecorded at 130.67 points, as against 130.85 points registered in theprevious week, according to latest data released by the Pakistan Bureau ofStatistics (PBS).

The weekly SPI was 100 collected with base 2015-16, covering 17 urbancentres and 51 essential items for all expenditure groups.

The SPI for the lowest consumption group, up to Rs17,732, also witnessed0.03pc reduction as it went down from 134.07 points in the last week to134.03 points during the week under review.

As compared to the corresponding week of last year, the SPI for thecombined consumption group in the week under review witnessed an increaseof 15.97pc, while for the lowest group, it increased by 14.39pc.

Meanwhile, the SPI for the consumption groups from Rs17,733 to Rs22,888,from Rs22,889 to Rs29,517, Rs29,518 to Rs44,175 and above Rs44,175 permonth also decreased by 0.08pc, 0.11pc, 0.14pc and 0.16pc, respectively.