Pakistan sees a decrease in prices of Basmati rice
Published on: June 22, 2024.
Filed under:
In Pakistan, the prices of essential commodities have witnessed a variety of trends recently. While the prices of basmati rice and dal masoor have declined, onions, tomatoes, and potatoes have become more expensive.
According to the Pakistan Bureau of Statistics’ weekly report on the Sensitive Price Index (SPI) for the week ending June 20, there have been decreases in the prices of 5 essential items, while 21 items have remained stable.
On the other hand, the prices of 25 commodities have increased during the same period. Petrol prices have dropped by 3.76%, diesel by 0.84%, basmati rice and dal masoor by 0.08%, and chicken by 0.05%.
Conversely, tomato prices have surged by 65.84%, potatoes by 5.61%, onions by 3.78%, bananas by 3.29%, and LPG by 2.44%. There have also been increases in the prices of cigarettes by 1.67%, lentils by 1.53%, garlic by 1.29%, fresh milk by 0.95%, and eggs by 0.83%.
The SPI, which monitors price changes in 51 essential items across 50 markets in 17 major cities, has reported an overall increase of 0.94% in prices on a weekly basis and a 23.78% increase compared to the previous year.
These fluctuations in prices have an impact on consumers from various income groups. The lowest income group has experienced a 1.58% increase in the SPI.
Source: Bol News
