Weekly SPI Increases by 12.28% YoY

July 09, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.07% during the week ended Jul 08, 2021 while the SPI increased by 12.28% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 150.03 compared to 149.93 on Jul 01, 2021 while the index was recorded at 133.62 a year ago, on Jul 09, 2020

Out of the 51 monitored items, the average price of 23 items increased, 9 items decreased whereas 19 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.04% and 0.42%.

The Lowest Income Group witnessed a weekly increase of 0.42% while the highest income group recorded a decrease of 0.04%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 11.53% and 15.72%.

Yearly SPI for the Lowest Income Group increased by 15.72% while the highest income group recorded an increase of 11.53%.

The average price of Sona urea stood at Rs.1746 per 50 kg bag which is 0.17% lower than last week’s price and 6.66% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.652 per 50 kg bag, which is 1.72% higher than the previous week and 18.33% higher than prices last year.

 

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Posted on: 2021-07-09T18:05:00+05:00

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