SPI increases 0.67% WoW

November 5, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.67% during the week ended Nov 04, 2021, while the SPI surged by 15.2% compared to the corresponding week from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 164.53 compared to 163.44 on Oct 28, 2021, while the index was recorded at 142.81 a year ago, on Nov 5, 2020.

Out of the 51 monitored items, the average price of 28 items increased, 3 items decreased whereas 20 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.58% and 0.9%.

The Lowest Income Group witnessed a weekly increase of 0.9% while the highest income group recorded an increase of 0.58%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 13.51% and 16.43%.

Yearly SPI for the Lowest Income Group increased by 16.43% while the highest income group recorded an increase of 15.68%.

The average price of Sona urea stood at Rs.1,994 per 50 kg bag which is 5.06% higher than last week’s price and 18.06% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.734 per 50 kg bag, 1.59% higher than the previous week and 29.66% higher than prices last year.

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