Sunday 23 November 2014

Slight decrease in inflation this week

According to Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) for the week ended on November 20 for the lowest income group (up to Rs 8,000)  recorded decrease of 0.10 percent as compared to the previous week.
The SPI for the week under review in the lowest income group (up to Rs 8,000) was recorded at 207.06 points against 207.26 points noted in the previous week.
During the week ended on 20.11.2014 average prices of 09 items registered decrease, while that of 10 items increase with the remaining 34 items prices unchanged.

What is SPI?
Sensitive price indicator is a price index that measure price change from the perspective of consumer.

How SPI is Calculated?

The Laspeyres price index formula is used to calculate SPI.
You can find the methodolygy to calculate SPI at Pakistan Bureau of Statistics official website ( Pakistan Bureau of Statistics (SPI weekly report))

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