According to the Weekly Sensitive Price Indicator (SPI) for the Combined Group, there has been a decline of 0.22% during the week ended December 17. However, it is 8.24% higher as compared to the same period of 2019.
This week, SPI stood at 140.73 while it was 141.04 in the previous week and 130.02 in the same week of 2019.
The SPI is based on the usual 51 items which found an increment in prices of some 20 items while 8 of the total witnessed a dip, and 23 of the total remained stable.
According to Metis Global, the weekly SPI percentage change by income groups revealed a dip of SPI across all quantiles ranging between 0.96% and 0.03%.
Further, it was mentioned that the Lowest Income Group observed a weekly dip of 0.96% and the Highest Income Group observed a dip of 0.03%.
Furthermore, it is stated that the average price of Sona urea reached Rs. 1,714 per 50 kg bag which is 0.41% higher than last week’s price while 14.21% lower compared to last year.
Meanwhile, the average cement price increase by 1 rupee over the week and reached Rs. 579 per 50 kg bag.