Weekly SPI Increases by 0.05 Percent

June 14, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.05% during the week ended Jun 11, 2020 while the SPI increased by 8.49% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 127.85 compared to 127.78 on Jun 04, 2020 while the index was recorded at 117.85 a year ago, on Jun 13, 2019

Out of the 51 monitored items, the average price of 19 items increased, 10 items decreased whereas 22 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.05% and 0.35%.

The Lowest Income Group witnessed a weekly increase of 0.35% while the highest income group recorded a decrease of 0.05%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 6.64% and 12.83%.

Yearly SPI for the Lowest Income Group increased by 10.66% while the highest income group recorded an increase of 6.64%.

The average price of Sona urea stood at Rs.1633 per 50 kg bag which is 0.24% lower than last week’s price and 12.44% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.548 per 50 kg bag, which is 0.9% lower than the previous week and 3.52% lower than prices last year.

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