Weekly SPI Increases by 15.35% YoY

    March 26, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.61% during the week ended Mar 25, 2021 while the SPI increased by 15.35% compared to the corresponding period from last year.

    According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 147.76 compared to 146.86 on Mar 18, 2021 while the index was recorded at 128.1 a year ago, on Mar 26, 2020

    Out of the 51 monitored items, the average price of 22 items increased, 7 items decreased whereas 22 items registered no change during the week.

    The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.52% and 0.64%.

    The Lowest Income Group witnessed a weekly increase of 0.52% while the highest income group recorded an increase of 0.61%.

    On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 14.19% and 18.77%.

    Yearly SPI for the Lowest Income Group increased by 18.77% while the highest income group recorded an increase of 14.19%.

    The average price of Sona urea stood at Rs.1,756 per 50 kg bag which is 0.4% higher than last week’s price and 4.28% higher when compared to last year.

    Meanwhile, average Cement price was recorded at Rs.610 per 50 kg bag, unchanged from previous week and 12.96% higher than prices last year.

     

    Copyright Mettis Link News

    Posted on: 2021-03-26T18:20:00+05:00

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