Weekly SPI Increases by 9.04% YoY

September 11, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.37% during the week ended Sep 10, 2020 while the SPI increased by 9.04% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 136.62 compared to 136.11 on Sep 03, 2020 while the index was recorded at 125.29 a year ago, on Sep 12, 2019

Out of the 51 monitored items, the average price of 22 items increased, 6 items decreased whereas 23 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.13% and 0.43%.

The Lowest Income Group witnessed a weekly increase of 0.13% while the highest income group recorded an increase of 0.43%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 7.69% and 11.7%.

Yearly SPI for the Lowest Income Group increased by 11.7% while the highest income group recorded an increase of 7.69%.

The average price of Sona urea stood at Rs.1681 per 50 kg bag which is 0.36% higher than last week’s price and 14.28% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.557 per 50 kg bag, which is 0% lower than the previous week and 0.54% higher than prices last year.

 

Copyright Mettis Link News

Posted on: 2020-09-11T15:32:00+05:00

36853