Weekly SPI Increases by 9.92% YoY

February 19, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.55% during the week ended Feb 18, 2021 while the SPI increased by 9.92% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 143.63 compared to 142.85 on Feb 11, 2021 while the index was recorded at 130.67 a year ago, on Feb 20, 2020

Out of the 51 monitored items, the average price of 25 items increased, 8 items decreased whereas 18 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.54% and 0.58%.

The Lowest Income Group witnessed a weekly increase of 0.55% while the highest income group recorded an increase of 0.54%.

On an yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 9.06% and 10.99%.

Yearly SPI for the Lowest Income Group increased by 10.78% while the highest income group recorded an increase of 9.06%.

The average price of Sona urea stood at Rs.1741 per 50 kg bag which is 0.06% higher than last week’s price and 2.03% lower when compared to last year.

Meanwhile, average Cement price was recorded at Rs.608 per 50 kg bag, which is 0.33% higher than the previous week and 12.8% higher than prices last year.

 

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Posted on: 2021-02-19T16:27:00+05:00

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