Weekly SPI Increases by 8.47% YoY

August 10, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.06% during the week ended Aug 06, 2020 while the SPI increased by 8.47% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 134.23 compared to 134.31 on Jul 30, 2020 while the index was recorded at 123.75 a year ago, on Aug 08, 2019

Out of the 51 monitored items, the average price of 17 items increased, 8 items decreased whereas 26 items registered no change during the week.

The weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.33% and 0.07%.

The Lowest Income Group witnessed a weekly decrease of 0.33% while the highest income group recorded an increase of 0.07%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 7.16% and 11.27%.

Yearly SPI for the Lowest Income Group increased by 11.27% while the highest income group recorded an increase of 7.16%.

The average price of Sona urea stood at Rs.1650 per 50 kg bag which is 0.55% higher than last week’s price and 12.37% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.557 per 50 kg bag, which was unchanged from the previous week and 3.47% lower than prices last year.

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