Weekly SPI Increases by 1.35 Percent

Jul 12, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.35% during the week ended Jul 11, 2019 while the SPI increased by 15.01% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 263.13 compared to 259.63 on Jul 04, 2019 while the index was recorded at 228.78 a year ago, on Jul 12, 2018

Out of the 53 monitored items, the average price of 31 items increased, 7 items decreased whereas 15 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.14% and 2.97%.

The Lowest Income Group witnessed a weekly increase of 1.51% while the highest income group recorded a decrease of 0.14%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 12.45% and 17.51%.

Yearly SPI for the Lowest Income Group increased by 12.45% while the highest income group recorded an increase of 17.51%.

The average price of Sona urea stood at Rs.1968 per 50 kg bag which is 0.1% higher than last week’s price and 22.92% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.630 per 50 kg bag, which is 0.16% lower than the previous week and 9.76% higher than prices last year.

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