Weekly SPI Decreases by 0.44 Percent

Oct 14, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.44% during the week ended Oct 10, 2019 while the SPI increased by 13.97% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 126.47 compared to 127.03 on Oct 03, 2019 while the index was recorded at 110.97 a year ago, on Oct 11, 2018.

Out of the 51 monitored items, the average price of 22 items increased, 4 items decreased whereas 25 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.46% and 0.31%.

The Lowest Income Group witnessed a weekly decrease of 0.31% while the highest income group recorded a decrease of 0.44%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 12.56% and 16.32%.

Yearly SPI for the Lowest Income Group increased by 12.62% while the highest income group recorded an increase of 14.52%.

The average price of Sona urea stood at Rs.2004 per 50 kg bag which is 0.3% lower than last week’s price and 17.12% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.579 per 50 kg bag, which is 2.3% higher than the previous week and 3.18% lower than prices last year.

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