Weekly SPI decreases by 0.25 percent

May 03, 2019 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group has declined by 0.25% during the week ended May 02, 2019, according to weekly data released by Pakistan Bureau of Statistics (PBS).

Meanwhile, the SPI as compared to the corresponding period of last year has increased by 12.38%.

Out of the 53 monitored items, the average price of 18 items increased, 8 items decreased whereas 27 items registered no such change during the week.

While, the SPI declined across all income groups, the smallest decline, of 0.21%, was recorded in the lowest income group (Q1 – upto Rs.8000) while the largest decline, of 0.25%, was witnessed in (Q3 – Rs. 12001-18000) and (Q4 – Rs. 18001-35000).

Compared to the corresponding period of last year, the largest increase was recorded in the highest income bracket (Q5 – Above Rs.35,000) at 16.49%, while the smallest increase of 9.44% was witnessed in the third largest income group (Q3 – Rs. 12001-18000).

The average price of Sona urea currently stands at Rs. 1,824 per 50 kg bag which is 0.13 % higher than last week’s price but 28.08% higher than last year.

Meanwhile, average Cement price was quoted at Rs.565 per 50 kg bag, which is 2.64% lower than last week but 3.08% higher than last year’s price.

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