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Pakistan weekly sensitive price indicator (SPI) inflation goes up by 0.35%

Market News : The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 20 for the combined consumption group witnessed an increase of 0.35 percent as compared to the previous week.

The SPI for the week under review in the above-mentioned group was recorded at 205.27 points against 204.55 points registered in the previous week, according to the latest data released by the Pakistan Bureau of Statistics (PBS) here on Friday.

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 27.13pc. The weekly SPI with base year 2015-16 =100 is covering 17 urban centres and 51 essential items for all expenditure groups.

The SPI for the lowest consumption group up to Rs 17,732 witnessed 0.35pc increase and went up to 210.78 points from last week’s 210.05 points. Meanwhile, the SPI for the consumption groups from Rs 17,732-22,888; Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175 witnessed an increase of 0.37 percent, 0.37pc, 0.39pc and 0.32 percent respectively

Pakistan inflation rate slowed for the first time in seven months to 23.2% in September of 2022 from 27.3% in August which was the highest reading since May of 1975. Prices rose at a slower pace for housing and utilities (3.4% vs 27.6% in August), mainly due to electricity charges.