SPI inflation increases by 10.63 percent

ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) has increased by 10.63 percent by week ended February 28, 2019 as compared with the corresponding week a year ago, according to details released by Pakistan Bureau of Statistics (PBS) on Friday.

The weekly SPI with base 2007-08=100 covering 17 urban centres and 53 essential items for all income groups/quintiles and combined has been computed.

Source: Pakistan Bureau of Statistics

According to the PBS, the inflation increased by 7.40 percent over the year for the lower income group up to Rs8,000.

The detail of inflation for other income is: 7.63 percent for income group Rs8001-120000; Rs7.62 percent for income group Rs12001-18000; 11.57 percent for income group Rs18001-35000; and 14.93 percent for income group above Rs35000.

The basic items which witnessed significant growth in prices over the year are included: telephone calls; high speed diesel; washing soap; gas charges; fabric-cloth; cigarettes; red chilli; cooking oil etc.

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