SPI down 0.08 % week-on-week

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ending January 01, showed a nominal decline of 0.08 percent as compared to the previous week.

The decline in the prices of sugar, potatoes and chicken (farm) contributed to the SPI’s declining trend during the week under review.

According to weekly SPI data compiled by the Federal Bureau of Statistics, percentage changes by income groups show that households with monthly income up to Rs 3,000 had faced the increase of 0.02 percent and those in the income group of Rs 3,001 to Rs 5,000 registered a decrease of 0.04 percent, while for those in the income bracket of Rs 5,001 to Rs 12,000 the decrease was 0.98 percent and those with incomes above Rs 12,000 also faced a decrease of 0.09 percent. Review of cement prices for the week ending January 1 showed that there was an increase of 0.14 percent as compared to previous week. Prices rose by 9.38 percent if compared with corresponding week of the last year.

In the fertilizer sector prices of five out of a total of ten fertilizers recorded increase in their prices during the period under review. Increase was seen in the prices of urea sona (0.25 percent), urea kisan (0.44 percent), diammonium sulphate (0.37 percent), c. ammonium nitrate (0.75 percent), and sulphate of potassium (0.30 percent).

Data showed average prices of 13 essential items went up if compared to previous week Those items were onions per kg (6.55 percent), cooked beef plate (1.51 percent), garlic (1.03 percent), firewood (0.87 percent), electric bulb (60 watts) (0.87 percent), masoor pulse washed (0.83 percent), red chillies powdered per kg (0.77 percent), cooked dal (plate) (0.66 percent), beef (0.39 percent), rice IRRI-6 (0.24 percent), gur (0.20 percent), mutton (0.07 percent), and mustard oil (0.05 percent).

Average prices of 13 items registered decrease in prices as compared to previous week Items included tomatoes per kg (0.37 percent), bananas per dozen (0.74 percent), chicken farm (2.45 percent), potatoes (3.59 percent), eggs (1.51 percent), mash pulse washed per kg (1.13 percent), moong pulse washed (0.07 percent), sugar (0.95 percent), gram pulse washed per kg (0.43 percent), wheat (0.27 percent), shirting (0.53 percent), wheat flour (0.66 percent), and vegetable ghee (loose) (0.12 percent).

The prices of 27 items remained unchanged that included liquefied petroleum gas (11 kg cylinder), kerosene, petrol, bread plain medium size, vegetable ghee 2.5 kg tin, cooking oil 2.5 liter tin, washing soap (nylon), milk powdered, milk fresh, salt (powdered), tea (packed and prepared), cigarettes, lawn, voil printed, sandal (gents and ladies, chapal (sponge), match box, gas (charged upto 32.3719 mmbtu), electric charges (1 to 100 units), telephone charges, bath soap (lifebuoy), curd, rice basmati broken, and coarse latha. —Staff Report

Home | Business