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Weekly SPI Increases by 0.12 Percent

August 06, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.12% during the week ended Aug 05, 2021 while the SPI increased by 12.4% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 150.88 compared to 150.7 on Jul 29, 2021 while the index was recorded at 134.23 a year ago, on Aug 05, 2020

Out of the 51 monitored items, the average price of 17 items increased, 11 items decreased whereas 23 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.1% and 0.2%.

The Lowest Income Group witnessed a weekly decrease of 0.1% while the highest income group recorded an increase of 0.2%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 11.56% and 15.79%.

Yearly SPI for the Lowest Income Group increased by 15.79% while the highest income group recorded an increase of 11.87%.

The average price of Sona urea stood at Rs.1765 per 50 kg bag which is 0.57% higher than last week’s price and 6.97% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.669 per 50 kg bag, which is 2.29% higher than the previous week and 20.11% higher than prices last year.

 

Copyright Mettis Link News

Posted on: 2021-08-06T17:17:00+05:00

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