Weekly SPI Increases by 18.43% YoY

April 09, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.6% during the week ended Apr 08, 2021 while the SPI increased by 18.43% 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 compared to 147.12 on Apr 01, 2021 while the index was recorded at 124.97 a year ago, on Apr 09, 2020

Out of the 51 monitored items, the average price of 18 items increased, 13 items decreased whereas 20 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.51% and 0.69%.

The Lowest Income Group witnessed a weekly increase of 0.51% while the highest income group recorded an increase of 0.62%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 17.15% and 21.97%.

Yearly SPI for the Lowest Income Group increased by 21.97% while the highest income group recorded an increase of 17.15%.

The average price of Sona urea stood at Rs.1748 per 50 kg bag which is 0.17% lower than last week’s price and 3.99% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.614 per 50 kg bag, which is 0.33% higher than the previous week and 12.45% higher than prices last year.

 

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Posted on: 2021-04-09T18:12:00+05:00

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