SPI decreases 0.79% WoW

News Image

MG News | April 19, 2024 at 12:23 PM GMT+05:00

0:00

April 19, 2024 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.79% WoW during the week ended April 18, 2024, while the SPI rose 28.54% YoY compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 323.71 compared to 326.29 a week earlier, while the index was recorded at 251.83 a year ago.

During the week, out of 51 items, prices of 22 (43.14%) items increased, 11 (21.57%) items decreased and 18 (35.29%) items remained stable.

During the week, major decrease was observed in the prices of Wheat (10.25%), Wheat Flour (8.97%), Bananas (8.67%), Electricity Charges for Q1 (7.16%), and Eggs (6.67%).

On the other hand, major increase was observed in the prices of Potatoes (17.07%), Tomatoes (12.67%), Chicken (11.60%), Lawn printed, and Shirting (3.55%) each.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging 0.7% and 0.9%.

The lowest income group experienced a weekly fall of 0.71%, while the highest income group experienced a fall of 0.7%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 21.72% and 32.49%.

Yearly SPI for the Lowest Income Group increased by 21.72% while the highest income group recorded an increase of 25.98%.

The average price of Sona urea stood at Rs4,936 per 50 kg bag which is 2.39% higher than last week’s price, while 63.64% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs1,217 per 50 kg bag, which is 0.24% lower than the previous week and 8.55% higher than prices last year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,985.00 119,915.00
118,745.00
-645.00
-0.54%
BRENT CRUDE 68.71 69.09
67.71
0.00
0.00%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.69 66.70
66.58
0.31
0.47%
SUGAR #11 WORLD 16.55 16.67
16.40
-0.01
-0.06%

Chart of the Day


Latest News
July 16, 2025 at 11:00 PM GMT+05:00

SBP raises Rs342bn in PIB Auction


July 16, 2025 at 10:17 PM GMT+05:00

TRG case files stolen en route to Islamabad


July 16, 2025 at 05:45 PM GMT+05:00

PM pushes for digital, International-Standard education


July 16, 2025 at 05:09 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 16, 2025 at 04:06 PM GMT+05:00

PSX Closing Bell: On the Rise



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg