Weekly SPI takes the largest leap in 5 weeks

March 8, 2019 (MLN): Pakistan’s Sensitive Price Index (SPI) for combined group during the week ended March 8, 2019 has increased by 1.16% over the week and by 11.72% over the year, i.e. the week ended March 8, 2018.

On a week-on-week basis, this is the largest growth recorded in the last five weeks. The last big leap which was bigger than this week's was recorded on January 31, 2019 when the index jumped by 1.65% over the week.

According to weekly SPI report released by Pakistan Bureau of Statistics (PBS), out of the 53 essential items that are monitored, the average prices of 24 items increased while that of 5 items decreased.

The greatest change over the year was recorded by the largest income group (Above Rs.35, 000), that of 16.03%. Meanwhile the smallest change was recorded by smallest income group (Upto Rs.8000), that of 8.44%.  

The average cement price as of now is Rs.604 per 50 kg bag, 0.4% lower than last week and 14% higher than last year.

Similarly, average price of CNG is currently Rs.77.9 per liter, same as last week.

On the other hand, the average price of Sona Urea is Rs.1, 806 per 50 kg bag, which is 0.4% less than last week but nearly 27% higher compared to the corresponding period from last year.

Copyright Mettis Link News

Posted on: 2019-03-08T13:45:00+05:00