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Weekly SPI Increases by 17.68% YoY

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April 23, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.4% during the week ended Apr 22, 2021 while the SPI increased by 17.68% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 148.2 compared to 148.8 on Apr 15, 2021 while the index was recorded at 125.93 a year ago, on Apr 23, 2020

Out of the 51 monitored items, the average price of 12 items increased, 13 items decreased whereas 26 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.41% and 0.38%.

The Lowest Income Group witnessed a weekly decrease of 0.41% while the highest income group recorded a decrease of 0.41%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 16.48% and 21.04%.

Yearly SPI for the Lowest Income Group increased by 21.04% while the highest income group recorded an increase of 16.48%.

The average price of Sona urea stood at Rs.1744 per 50 kg bag which is 0.11% higher than last week’s price and 4.31% higher when compared to last year.

Meanwhile, average Cement price remained unchanged from previous week at Rs.614 per 50 kg bag but 11.84% higher than prices last year.

 

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Posted on: 2021-04-23T16:36:00+05:00

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