Weekly SPI Increases by 7.82% YoY

February 06, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.53% during the week ended Feb 04, 2021 while the SPI increased by 7.82% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 141.62 compared to 140.88 on Jan 28, 2021 while the index was recorded at 131.35 a year ago, on Feb 06, 2020

Out of the 51 monitored items, the average price of 31 items increased, 7 items decreased whereas 13 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.46% and 0.55%.

The Lowest Income Group witnessed a weekly increase of 0.46% while the highest income group recorded an increase of 0.55%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 7.13% and 8.72%.

Yearly SPI for the Lowest Income Group increased by 8.72% while the highest income group recorded an increase of 7.13%.

The average price of Sona urea stood at Rs.1736 per 50 kg bag which is 0.23% higher than last week’s price and 6.87% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.603 per 50 kg bag, which is 1.01% higher than the previous week and 11.25% higher than prices last year.

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