Kitchen items’ prices decline by 0.33%
Published on: October 28, 2023.
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Weekly Inflation in Pakistan Decreases Slightly
The Pakistan Bureau of Statistics (PBS) has reported a decrease of 0.33 percent in the weekly inflation, measured by the Sensitive Price Indicator (SPI), for the combined consumption group during the week ending on October 26. According to the PBS data, the SPI for this group was recorded at 277.11 points, compared to 278.04 points in the previous week. However, when compared to the same week last year, the SPI for the combined consumption group has increased by 29.65 percent.
The SPI, with a base year of 2015-16 = 100, covers 17 urban centers and 51 essential items for all expenditure groups. It provides valuable insights into the prices of essential commodities. In terms of consumption groups, the SPI for the lowest group, with a budget of up to Rs 17,732, decreased by 0.25 percent to 283.77 points from last week’s 284.47 points. Furthermore, the SPI for consumption groups with budgets ranging from Rs 17,732 to Rs 44,175 also experienced a decline, ranging from 0.31 percent to 0.36 percent.
During this week, out of 51 items, the prices of 14 items increased, 17 items decreased, and 20 items remained stable. Notably, the average prices of certain items decreased on a week-on-week basis. Chicken prices decreased by 10.19 percent, onions by 4.4 percent, rice irri-6/9 by 3.84 percent, bananas by 3.64 percent, gur by 3.4 percent, pulse masoor by 2.36 percent, sugar by 2.22 percent, and mustard oil by 2.17 percent. On the other hand, tomatoes recorded a significant increase of 20.81 percent, followed by potatoes at 3.33 percent, eggs at 1.63 percent, and salt powdered at 0.91 percent.
Looking at the prices on a year-on-year basis, tomatoes and onions saw a significant decrease of 31.90 percent and 24.88 percent, respectively. Pulse gram decreased by 5.82 percent, mustard oil by 4.16 percent, and vegetable ghee (1 kg) by 0.92 percent. However, certain commodities witnessed an increase in their average prices on a year-on-year basis, with gas charges for q1 leading the way with 108.38 percent, followed by cigarettes at 94.46 percent, chilies powder at 84.11 percent, rice basmati broken at 78.51 percent, wheat flour at 77.49 percent, and sugar at 63.22 percent.
Overall, while some prices have seen a decrease, others have witnessed an increase, reflecting the dynamic nature of the market. For more information on rice exporters, Pakistan rice exporters, white broken rice, and other relevant topics, visit [link]https://www.hasrice.com[/link].
Source: [link href=”https://dailytimes.com.pk” rel=”nofollow” target=”_blank”]Daily Times[/link]
