Weekly SPI Increases by 9.20% YoY

October 16, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.45% during the week ended Oct 15, 2020 while the SPI increased by 9.2% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 141.36 compared to 140.73 on Oct 08, 2020 while the index was recorded at 129.45 a year ago, on Oct 17, 2019

Out of the 51 monitored items, the average price of 25 items increased, 9 items decreased whereas 17 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.26% and 0.52%.

The Lowest Income Group witnessed a weekly increase of 0.26% while the highest income group recorded an increase of 0.5%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 7.82% and 12.24%.

Yearly SPI for the Lowest Income Group increased by 12.24% while the highest income group recorded an increase of 7.82%.

The average price of Sona urea stood at Rs.1691 per 50 kg bag which is 0.24% lower than last week’s price and 16.37% lower when compared to last year.

Meanwhile, average Cement price was unchanged from the previous week at Rs.571 per 50 kg bag, which is 1.55% lower than prices last year.

 

Copyright Mettis Link News

Posted on: 2020-10-16T20:50:00+05:00

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