Weekly SPI Increases by 0.31 Percent

Jun 17, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.31% during the week ended Jun 13, 2019 while the SPI increased by 13.12% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 257.63 compared to 256.83 on Jun 03, 2019 while the index was recorded at 227.74 a year ago, on Jun 13, 2018

Out of the 53 monitored items, the average price of 20 items increased, 8 items decreased whereas 25 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.23% and 0.59%.

The Lowest Income Group witnessed a weekly increase of 0.59% while the highest income group recorded an increase of 0.23%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 10.29% and 17.01%.

Yearly SPI for the Lowest Income Group increased by 11.13% while the highest income group recorded an increase of 17.01%.

The average price of Sona urea stood at Rs.1872 per 50 kg bag which is 0.81% higher than last week’s price and 22.43% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.571 per 50 kg bag, which is 5.16% higher than the previous week and 1.78% higher than prices last year.

Copyright Mettis Link News

Posted on: 2019-06-17T15:40:00+05:00

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