Weekly SPI increases by 1.32%

July 07, 2022 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.32% during the week ended July 06, 2022, said the Pakistan Bureau of Statistics (PBS) while breaking the tradition by announcing the weekly data on Thursday due to Eid Holidays ahead.

As per the PBS inflation report, the decline was mainly on account of an increase in the prices of food items and petrol and diesel.

The combined index clocked in at 200.53 compared to 197.92 on June 30, 2022.

The year-on-year trend depicts an increase of 33.66% when the index was recorded at 150.03 a year ago, on July 08, 2021.

Out of the 51 monitored items, the average price of 30 items increased that including garlic (5.06%), potatoes (2.57%), vegetable ghee 2.5 kg (1.64%), cooked daal (1.50%), wheat flour (1.46%), pulse gram (1.32%), tea prepared (1.09%) and pulse masoor (1.02%), petrol (6.36%), diesel (5.06%) and LPG (2.33%) while 5 items witnessed a decrease in prices and 16 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.83% and 1.51%.

The Lowest Income Group witnessed a weekly increase of 0.83% while the highest income group recorded an increase of 1.51%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 27.31% and 34.82%.

Yearly SPI for the Lowest Income Group increased by 27.31% while the highest income group recorded an increase of 34.82%.

The average price of Sona urea stood at Rs.2337 per 50 kg bag which is 8.45% higher than last week’s price and 33.85% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.1047 per 50 kg bag, which is 2.45% higher than the previous week and 60.58% higher than prices last year.

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