Weekly SPI Decreases by 0.24 Percent

Sep 11, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.24% during the week ended Sep 05, 2019 while the SPI increased by 16.55% compared to the corresponding period from last year.

The weekly SPI has been calculated with base 2015-16 and is covering 17 urban centres and 51 essential items.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 124.28 compared to 124.58 on Aug 29, 2019 while the index was recorded at 106.63 a year ago, on Sep 06, 2018

Out of the 51 monitored items, the average price of 24 items increased, 10 items decreased whereas 17 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.4% and 0.17%.

The Lowest Income Group witnessed a weekly increase of 0.17% while the highest income group recorded a decrease of 0.4%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 13.88% and 18.43%.

Yearly SPI for the Lowest Income Group increased by 13.88% while the highest income group recorded an increase of 17.25%.

The average price of Sona urea stood at Rs.569 per 50 kg bag which is 0.35% higher than last week’s price and 0.52% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.1872 per 50 kg bag, which is 0.05% higher than the previous week and 13.25% higher than prices last year.

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