Weekly SPI Witnessed a Hike of of 0.06%

Weekly SPI witnessed a hike of 0.06% over the week with price increase in some 22 items.

For the weekended January 07, 2021, the Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.06%. The YoY hike reported to be 5.81%.

According to stats, the Combined Index stood at 140.01 compared to 139.92 on December 31, 2020. The YoY index was 132.32.

The usual 51 items were key trackers of SPI. Out of these 51 items, 22 items witnessed an increase, 6 observed a dip, while 23 remained the same.

It is added that the weekly SPI percentage change by income groups showed a mixed trend with SPI ranging between -0.01% and 0.17%.

According to the source, the Lowest Income Group witnessed a weekly hike of 0.17% and the Highest Income Group witnessed a dip of 0.1%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 5.11% and 6.71%.

According to the information, the average price of Sona urea has reached Rs. 1727 per 50 kg bag, showing a hike of 0.47% compared to last week’s price. While, the average Cement price was Rs. 589 per 50 kg bag, showing a hike of 0.34% compared to the previous week.

Leave a Reply

Your email address will not be published. Required fields are marked *