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HomeEconomyWeekly SPI Decreases by 0.40 Percent

Weekly SPI Decreases by 0.40 Percent

Jan 24, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.4% during the week ended Jan 23, 2020 while the SPI increased by 19.69% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 131.55 compared to 132.08 on Jan 16, 2020 while the index was recorded at 109.91 a year ago, on Jan 24, 2019

Out of the 51 monitored items, the average price of 15 items increased, 9 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 0.55% and 0.34%.

The Lowest Income Group witnessed a weekly decrease of 0.55% while the highest income group recorded a decrease of 0.34%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 18.1% and 22.05%.

Yearly SPI for the Lowest Income Group increased by 18.1% while the highest income group recorded an increase of 18.88%.

The average price of Sona urea stood at Rs.2012 per 50 kg bag which is 0.89% lower than last week’s price and 9.95% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.549 per 50 kg bag, which is 0.9% lower than the previous week and 9.26% lower than prices last year.

Copyright Mettis Link News

Posted on: 2020-01-24T20:40:00+05:00

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