Weekly SPI Increases by 0.98 Percent

July 10, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.98% during the week ended Jul 09, 2020 while the SPI increased by 11.02% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 133.62 compared to 132.32 on Jul 02, 2020 while the index was recorded at 120.36 a year ago, on Jul 11, 2019

Out of the 51 monitored items, the average price of 18 items increased, 11 items decreased whereas 22 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.86% and 1.27%.

The Lowest Income Group witnessed a weekly increase of 1.27% while the highest income group recorded an increase of 0.86%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 9.43% and 14.33%.

Yearly SPI for the Lowest Income Group increased by 14.33% while the highest income group recorded an increase of 9.43%.

The average price of Sona urea stood at Rs.1637 per 50 kg bag which is 0.37% higher than last week’s price and 16.69% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.551 per 50 kg bag, which is 0.55% higher than the previous week and 12.4% lower than prices last year.

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