Weekly SPI Increases by 16.9% YoY

April 30, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.05% during the week ended Apr 29, 2021 while the SPI increased by 16.9% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 148.27 compared to 148.2 on Apr 22, 2021 while the index was recorded at 126.84 a year ago, on Apr 30, 2020

Out of the 51 monitored items, the average price of 12 items increased, 9 items decreased whereas 30 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.02% and 0.15%.

The Lowest Income Group witnessed a weekly increase of 0.15% while the highest income group recorded a decrease of 0.02%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 15.68% and 20.43%.

Yearly SPI for the Lowest Income Group increased by 20.43% while the highest income group recorded an increase of 15.68%.

The average price of Sona urea stood at Rs.1739 per 50 kg bag which is 0.29% lower than last week’s price and 3.95% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.615 per 50 kg bag, which is 0.16% higher than the previous week and 11.21% higher than prices last year.

 

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Posted on: 2021-04-30T23:45:00+05:00

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