SPI Recorded a Hype of 0.11% During the Week Ended Dec 24th

During the past week, the weekly SPI observed a hype of 0.11% compared with the last week when it dipped by 0.22%.

For the week ended on December 24, 2020, the Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.11%. In comparison to the corresponding week of 2019, the increase of SPI is 7.66%.

As per the data, the Combined Index was at 140.89 in comparison to 140.73 on Dec 17, 2020. On the other hand, the index was at 130.87 on Dec 26, 2019.

The usual 51 items were monitored out of which 20 witnessed a hype, 10 dipped, and 21 remained the same during the week.

By income group, the weekly SPI percentage change showed a mixed trend with SPI ranging between 0.13% and 0.16%.

The Lowest Income Group seen a dip of 0.13% and the Highest Income Group seen a hype of 0.16%.

According to information, the analysis of SPI change across different income divisions showed that SPI grew across all quantiles ranging between 6.79% and 8.84%.

Whereas the yearly SPI for the lowest income group raised by 8.84% and the highest income group recorded a rise of 6.79%.

According to Mettis Global, the average price of Sona urea remained at Rs. 1714 per 50 kg compared to the last week while witnessed a dip of 14.73% compared to last year.

The average cement price was Rs. 581 per 50 kg bag, showing a hype of 0.35% compared to the previous week while 3.01% higher than prices during the last year.

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