Weekly SPI Increases by 1.16%

May 14, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group has increased by 1.16% during the week ended May 9, 2019 while the SPI increased by 13.32% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) on a weekly basis, the Combined Index was at 254.38 compared to 251.47 on May 02, 2019 while the index was recorded at 224.47 a year ago, on May 10, 2018

Out of the 53 monitored items, the average price of 25 items increased, 5 items decreased whereas 23 items registered no such change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 1.06% and 1.23%.

The Lowest Income Group witnessed a weekly increase of 1.09% while the highest income group recorded an increase of 1.23%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 10.3% and 17.49%.

Yearly SPI for the Lowest Income Group (up to Rs.8,000) increased by 10.65% while the highest income group (above Rs.35,000) recorded an increase of 17.49%.

The average price of Sona urea stood at Rs.1829 per 50 kg bag which is 0.27% higher than last week’s price and 23.75% higher when compared to last year's price.

Meanwhile, average Cement price was recorded at Rs.556 per 50 kg bag, which is 1.59% lower than the previous week's price and 2.02% higher than the price charged last year.

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