Weekly SPI Increases by 16.34% YoY

May 28, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.63% during the week ended May 27, 2021 while the SPI increased by 16.34% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 149.29 compared to 150.23 on May 20, 2021 while the index was recorded at 128.32 a year ago, on May 28, 2020

Out of the 51 monitored items, the average price of 12 items increased, 10 items decreased whereas 29 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.76% and 0.48%.

The Lowest Income Group witnessed a weekly decrease of 0.48% while the highest income group recorded a decrease of 0.76%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 15.46% and 19.27%.

Yearly SPI for the Lowest Income Group increased by 19.27% while the highest income group recorded an increase of 15.46%.

The average price of Sona urea stood at Rs.1743 per 50 kg bag which is 0.4% higher than last week’s price and 5.32% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.615 per 50 kg bag, which is 0.16% lower than the previous week and 10.61% higher than prices last year.

 

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Posted on: 2021-05-28T17:25:00+05:00

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