SPI registers a 2% increase WoW – Business & Finance

ISLAMABAD: The price sensitive indicator (IPS) for the week ended June 2, 2022, registered a significant increase of two percent due to an increase in food prices, notably potatoes (9.08 percent), eggs (6.38 percent), vegetable ghee (4.59 percent), bread (2.72 percent), mustard oil (2.65 percent), masoor (2.33 percent), sugar (1.93 percent) and non-food items, i.e. high-speed diesel (20.69 percent) and premium gasoline (19.91 percent), the Pakistan Bureau reports. statistics (PBS).

The year-on-year trend shows an increase of 20.04 percent mainly due to an increase in the prices of onions (177.62 percent), tomatoes (152.57 percent), oil mustard (70.50 percent), vegetable ghee 1 kg (68.02 percent), garlic (67.44 percent), masoor (66.92 percent, essence (64.78 percent ), cooking oil 5 liters (64.72 percent), vegetable ghee 2.5 kg (62.43 percent), LPG (60.14 percent), diesel (56.45 percent) and laundry soap (42.92 percent) per cent), while the significant drop seen in the prices of chili powders (43.42 percent), moong legumes (21.62 percent), electricity charges for Q1 (11.71 percent), sugar (11.16 percent), bananas (9.95 percent), potatoes (6.89 percent) and gur (1.46 percent).

According to the latest data, the SPI fell from 174.62% during the week ended May 26, 2022 to 178.12% during the week under review.

SPI for consumption groups up to Rs 17,732 and Rs 17,733 to Rs 22,888, Rs 22,889 to Rs 29,517 and Rs 29,518 to Rs 44,175 and above Rs 44,175 increased by 1, 02%, 1.27%, 1.41%, 1.70% and 2.44% respectively.

During the week, out of 51 items, the prices of 28 (54.90%) items increased, 05 (9.81%) items decreased and 18 (35.29%) items remained stable, indicates the PBS .

Items with price increases included high-speed diesel (20.69%), premium gasoline (19.91%), potatoes (9.08%), eggs (6.38%) , Dalda/Habib vegetable ghee or other premium sachets of 1 kg each (4.59%), plain bread (2.72%), mustard oil (2.65%), masoor (2.33 %), cooking oil Dalda or other similar brands, can of 5 liters each (2.18%), legumes (1.99%), sugar (1.93%), cooked beef (1.69%) , mashed potatoes (1.69 percent), Dalda/Habib vegetable ghee Can of 2.5 kg each (1.51 percent), Lifebuoy toilet soap (1.40 percent), bananas (1.35 percent) , fresh milk (0.82 percent), mutton (0.81 percent), Sufi washing soap (0.62 percent), bone-in beef (0.60 percent), moong (0.44 percent ), irri-6/9 rice (0.43 percent), broken basmati rice (0.43 percent), Nido milk powder 390 g polybag each (0.34 percent), Philips energy saver ( 0.21 percent), curd (0.20 percent ), onions (0.15 percent) and cooked daal (0.14 percent).

The items that saw a drop in price are chicken (4.68%), garlic (2.75%), wheat flour 20 kg bag (1.91%), tomatoes (1.26% ) and LPG (0.74%).

Items whose prices have remained unchanged include; gur, powdered salt, powdered chillies, Lipton Yellow Label tea, prepared tea, Cabestan cigarettes, Gul Ahmed 57″ long cloth, Al Karam, shirting, Gul Ahmed lawn print, Al Karam, georgette, pair of men’s Bata sandals, Bata men’s terry chappal pair, Bata women’s pair of sandals, electricity charges for Q1, gas charges, whole firewood, box of matches and telephone call charges.

Copyright Business Recorder, 2022

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