Wednesday, August 17, 2022
HomeEconomyWeekly SPI Increases by 7.01% YoY

Weekly SPI Increases by 7.01% YoY

August 17, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.22% during the week ended Aug 13, 2020 while the SPI increased by 7.01% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 133.94 compared to 134.23 on Aug 06, 2020 while the index was recorded at 125.17 a year ago, on Aug 15, 2019

Out of the 51 monitored items, the average price of 15 items increased, 13 items decreased whereas 23 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.26% and 0.06%.

The Lowest Income Group witnessed a weekly decrease of 0.06% while the highest income group recorded a decrease of 0.26%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 5.71% and 10.07%.

Yearly SPI for the Lowest Income Group increased by 10.07% while the highest income group recorded an increase of 5.71%.

The average price of Sona urea stood at Rs.1665 per 50 kg bag which is 0.91% higher than last week’s price and 11.25% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.558 per 50 kg bag, which is 0.18% higher than the previous week and 3.29% lower than prices last year.

 

Copyright Mettis Link News

Posted on: 2020-08-17T13:15:00+05:00

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