Weekly SPI decreases by 0.08 percent

Aug 23, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.08% during the week ended Aug 22, 2019 while the SPI increased by 18.91% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 271.83 compared to 272.05 on Aug 16, 2019 while the index was recorded at 228.6 a year ago, on Aug 16, 2018

Out of the 53 monitored items, the average price of 24 items increased, 7 items decreased whereas 22 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.12% and 0.04%.

The Lowest Income Group witnessed a weekly increase of 0.04% while the highest income group recorded a decrease of 0.12%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 15.63% and 21.81%.

Yearly SPI for the Lowest Income Group increased by 15.63% while the highest income group recorded an increase of 21.81%.

The average price of Sona urea stood at Rs.1875 per 50 kg bag which is 0.05% higher than last week’s price and 13.22% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.578 per 50 kg bag, which is 0.52% lower than the previous week and 0.34% lower than prices last year.

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