Weekly SPI falls by 0.67%

November 26, 2021 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group recorded a decrease of 0.67% WoW during the week ended November 25, 2021, with vegetable prices showing signs of decline, weekly data released by the Pakistan Bureau of Statistics (PBS) showed.

The combined index clocked in at 168.16 compared to 169.29 on November 11, 2021, while the index was recorded at 141.74 a year ago, on November 26, 2020.

Out of the 51 monitored items, the average price of 08 items decreased including tomatoes that witnessed a drop of 15.41%, onions by 7.43%, chicken by 6.62%, sugar by 1.87%, wheat flour by 0.95%, LPG by 0.73%, whereas 23 items registered no change during the week.

Meanwhile, the average price of 20 items registered an increase in the week that include washing soap, bananas and vegetable ghee.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.59% and 0.82%.

The lowest income group saw a weekly decline of 0.81% while the highest income group recorded a fall of 0.59%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 16.58% and 19.45%.

Yearly SPI for the lowest income group increased by 18.86% while the highest income group recorded an increase of 19.45%.

The average price of sona urea stood at Rs2,107 per 50 kg bag which is 1.24% higher than last week’s price and 25.03% higher when compared to last year.

Going by the report, the average cement price was recorded at Rs741 per 50 kg bag, 0.08% lower than the previous week while 29.45% higher than prices last year.

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