Weekly SPI Increases by 0.64 Percent

Aug 17, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.64% during the week ended Aug 16, 2019 while the SPI increased by 19.01% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 272.05 compared to 270.31 on Aug 08, 2019 while the index was recorded at 228.6 a year ago, on Aug 16, 2018

Out of the 53 monitored items, the average price of 24 items increased, 6 items decreased whereas 23 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.57% and 0.66%.

The Lowest Income Group witnessed a weekly increase of 0.57% while the highest income group recorded an increase of 0.64%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 15.58% and 21.95%.

Yearly SPI for the Lowest Income Group increased by 15.58% while the highest income group recorded an increase of 21.95%.

The average price of Sona urea stood at Rs.1874 per 50 kg bag which is 0.21% lower than last week’s price and 13.16% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.581 per 50 kg bag, which is 0% lower than the previous week and 0.17% higher than prices last year.

 

Copyright Mettis Link News

Posted on: 2019-08-17T16:30:00+05:00

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