Weekly SPI Decreases by 1.16 Percent

February 29, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 1.16% during the week ended Feb 27, 2020 while the SPI increased by 14.6% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 129.15 compared to 130.67 on Feb 20, 2020 while the index was recorded at 112.7 a year ago, on Feb 28, 2019

Out of the 51 monitored items, the average price of 13 items increased, 13 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 1.85% and 0.75%.

The Lowest Income Group witnessed a weekly decrease of 1.34% while the highest income group recorded a decrease of 0.75%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 12.95% and 16.72%.

Yearly SPI for the Lowest Income Group increased by 12.95% while the highest income group recorded an increase of 14.43%.

The average price of Sona urea stood at Rs.1764 per 50 kg bag which is 0.73% lower than last week’s price and 2.7% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.541 per 50 kg bag, which is 0.37% higher than the previous week and 10.58% lower than prices last year.

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