Weekly SPI decreases by 0.32 percent

May 20, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.32% during the week ended May 16, 2019 while the SPI increased by 11.92% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 253.56 compared to 254.38 on May 09, 2019 while the index was recorded at 226.56 a year ago, on May 17, 2018

Out of the 53 monitored items, the average price of 19 items increased, 7 items decreased whereas 27 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 0.3%.

The Lowest Income Group witnessed a weekly decrease of 0.33% while the highest income group recorded a decrease of 0.3%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 8.93% and 16.04%.

Yearly SPI for the Lowest Income Group increased by 9.39% while the highest income group recorded an increase of 16.04%.

The average price of Sona urea stood at Rs.1827 per 50 kg bag which is 0.11% lower than last week’s price and 23.03% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.544 per 50 kg bag, which is 2.16% lower than the previous week and 0.91% lower than prices last year.

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