Weekly SPI increases by 1.38%

October 22, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.38% during the week ended Oct 21, 2021, while the SPI surged by 14.48% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 161.46 compared to 159.26 on Oct 14, 2021, while the index was recorded at 141.04 a year ago, on Oct 22, 2020.

Out of the 51 monitored items, the average price of 29 items increased, 7 items decreased whereas 51 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.96% and 1.58%.

The Lowest Income Group witnessed a weekly increase of 0.96% while the highest income group recorded an increase of 1.58%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 15.72% and 14.70%.

Yearly SPI for the Lowest Income Group increased by 15.72% while the highest income group recorded an increase of 14.70%.

The average price of Sona urea stood at Rs.1,860 per 50 kg bag which is 2.10% higher than last week’s price and 9.85% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.714 per 50 kg bag, 1.42% higher than the previous week and 25.27% higher than prices last year.

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