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Weekly SPI rises by 3.35%

August 19, 2022 (MLN):  The Sensitive Price Indicator (SPI) for the combined group witnessed an increase of 3.35% WoW for the week ended August 18, 2022, weekly data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

As per the PBS inflation report, this increase was mainly on account of an upsurge in the prices of essential food items, electricity and petrol.

The Combined Index was at 216.02 compared to 209.01 on Aug 11, 2022 while the index was recorded at 152.14 a year ago, on Aug 26, 2021.

Similarly, the year-on-year trend also observed a surge of 42% when the index was recorded at 151.80 a year ago, on August 19, 2021.

Out of the 51 monitored items, the average price of 25 items increased that include tomatoes (20.28%), chicken (7.57%), onions (2.30%), powdered milk (2.03%), eggs (1.63%), pulse moong (1.42%) and potatoes (1.07%), non-food items, electricity for Q1 (6.83%), petrol (2.96%) and cigarette (1.69%).

Meanwhile, 11 items showed decrease in prices including LPG (3.46%), vegetable ghee 1kg (1.16%), garlic (0.94%), mustard oil (0.71%), pulse masoor (0.42%), pulse gram (0.36%), vegetable ghee 2.5kg (0.33%), cooking oil 5 litre (0.31%), diesel (0.18%), firewood whole (0.16%) and sugar (0.03%). During the week, 15 items registered no change.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 1.8% and 3.94%.

The lowest income group witnessed a weekly increase of 1.8% while the highest income group recorded an increase of 3.94%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 33.98% and 43.08%.

Yearly SPI for the Lowest Income Group increased by 33.98% while the highest income group recorded an increase of 43.08%.

The average price of Sona urea stood at Rs.2431 per 50 kg bag which is 0.49% lower than last week’s price and 36.57% higher when compared to last year.

Meanwhile, average Cement price was recorded at Rs.1038 per 50 kg bag, which is 0.1% lower than the previous week and 54.23% higher than prices last year.

 

Copyright Mettis Link News

Posted on:2022-08-19T15:24:06+05:00

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