SPI: Weekly inflation down by 0.16%

December 02, 2022 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group decreased by 0.16% during the week ended Dec 01, 2022, while the SPI increased by 30.56% compared to the corresponding period from last year, as per data released by the Pakistan Bureau of Statistics (PBS) on Friday.

Accordingly, the combined index was at 218.51 compared to 218.87 on Nov 24, 2022, while the index was recorded at 167.36 a year ago, on Dec 02, 2021

Out of the 51 monitored items, the average price of 23 items increased, 10 items decreased whereas 18 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.34% and 0.1%.

The Lowest Income Group witnessed a weekly decrease of 0.34% while the highest income group recorded a decrease of 0.1%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 28.67% and 31.73%.

Yearly SPI for the Lowest Income Group increased by 28.67% while the highest income group recorded an increase of 30.79%.

The average price of Sona urea stood at Rs.2509 per 50 kg bag which is 1.37% higher than last week’s price and 31.16% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.1041 per 50 kg bag, which is 0.19% lower than the previous week and 40.3% higher than prices last year.

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