Weekly SPI rises by 0.2 percent

March 1, 2019 (MLN): Pakistan’s weekly SPI for the combined group increased by 0.2 percent compared to the previous week (Feb 21, 2019) and increased by 10.63% percent compared to the corresponding period from last year (March 1, 2018).

According to official data released by Pakistan Bureau of Statistics (PBS), the largest SPI growth over the week was recorded by the income group above Rs. 35000, i.e. 0.21%.

Similarly, the largest SPI growth over the year was recorded by the same income group, i.e. 14.93%.

Out of the 53 monitored items, the average price of 8 items rose, 9 items registered decline whereas remaining 36 items recorded no change

For the lowest income group the indicator also increased 0.14 percent from 224.92 points in last week to 225.23 points.

Meanwhile, the SPI for the income groups from Rs 8001-12,000, Rs 12,001-18,000, 18,001-35,000 and above Rs 35000 per month increased by 0.17 percent, 0.19 percent, 0.20 percent and 0.21 percent respectively.

The items which registered decrease in their prices during the week under review included potatoes, tomatoes, LPG Cylinder, rice (basmati broken) mash pulse, gram pulse, eggs, wheat flour and masoor pulse.

The items which recorded increase in their average prices included garlic, chicken, bananas, onions, rice (irri-6), gur, moong pulse and sugar.

Copyright Mettis Link News

26439