Abb Takk News

SPI inflation falls by 0.14pc last week

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended February 23, 2017 registered a decrease of 0.14 percent  for the combined income group, going down from 219.97 points in the previous week to 219.66 in the week under review.

According to statistics issued by Pakistan Bureau of Statistics (PBS), the prices of some four items declined by 4 percent while prices of 13 items declined by 11 percent. Tomato price registered highest increase in the week under review which was 4 percent.

Compared to the corresponding week of the previous year, the SPI for the combined income group rose by 2.15 percent. The SPI for the lowest income group also decreased 0.10 percent compared to the previous week.

The index for the group stood at 209.89 points against 210.10 in the previous week, according to provisional figures released by the Pakistan Bureau of Statistics. During the week, average prices of 9 items rose in a selected basket of goods, prices of 13 items fell and rates of remaining 31 goods recorded no change.