Weekly SPI Increases by 13.89% YoY

February 26, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 2.41% during the week ended Feb 25, 2021 while the SPI increased by 13.89% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 147.09 compared to 143.63 on Feb 18, 2021 while the index was recorded at 129.15 a year ago, on Feb 27, 2020

Out of the 51 monitored items, the average price of 25 items increased, 5 items decreased whereas 21 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 1.29% and 6.65%.

The Lowest Income Group witnessed a weekly increase of 6.65% while the highest income group recorded an increase of 1.47%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 11.5% and 19.76%.

Yearly SPI for the Lowest Income Group increased by 19.76% while the highest income group recorded an increase of 11.5%.

The average price of Sona urea stood at Rs.1741 per 50 kg bag which same as last week’s price and 1.3% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.608 per 50 kg bag, unchanged from previous week but 12.38% higher than prices last year.

 

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Posted on: 2021-02-26T16:57:00+05:00

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