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Weekly SPI Increases by 13.21% YoY

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March 19, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.19% during the week ended Mar 18, 2021 while the SPI increased by 13.21% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 146.86 compared to 147.14 on Mar 11, 2021 while the index was recorded at 129.72 a year ago, on Mar 19, 2020

Out of the 51 monitored items, the average price of 22 items increased, 9 items decreased whereas 20 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.22% and 0.05%.

The Lowest Income Group witnessed a weekly decrease of 0.05% while the highest income group recorded a decrease of 0.22%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 11.62% and 17.89%.

Yearly SPI for the Lowest Income Group increased by 17.89% while the highest income group recorded an increase of 11.62%.

The average price of Sona urea stood at Rs.1749 per 50 kg bag which is 0.11% lower than last week’s price and 4.11% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.610 per 50 kg bag, which is 0.16% higher than the previous week and 13.17% higher than prices last year.

 

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Posted on: 2021-03-19T18:39:00+05:00

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