Weekly SPI Increases by 14.95% YoY

March 05, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.61% during the week ended Mar 04, 2021 while the SPI increased by 14.95% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 147.99 compared to 147.09 on Feb 25, 2021 while the index was recorded at 128.74 a year ago, on Mar 06, 2020

Out of the 51 monitored items, the average price of 22 items increased, 5 items decreased whereas 24 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.54% and 0.67%.

The Lowest Income Group witnessed a weekly increase of 0.54% while the highest income group recorded an increase of 0.59%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 12.83% and 20.07%.

Yearly SPI for the Lowest Income Group increased by 20.07% while the highest income group recorded an increase of 12.83%.

The average price of Sona urea stood at Rs.1746 per 50 kg bag which is 0.29% higher than last week’s price and 2.4% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.609 per 50 kg bag, which is 0.16% higher than the previous week and 12.99% higher than prices last year.

 

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Posted on: 2021-03-05T14:50:00+05:00

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