ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended February 25, 2021 recorded an increase of 2.41 percent over the last week due to rise in the prices of food items including bananas (4.25 percent), pulse gram (2.43 percent), chicken (2.14 percent), potatoes and mustard oil (1.39 percent) each, vegetable ghee 2.5kg (1.14 percent), and among non-food items, electricity for Q1 (64.59 percent), says the Pakistan Bureau of Statistics (PBS).
According to the latest data, the SPI went up from 143.63 points during the week ended February 18, 2021 to 147.09 points during the week under review.
In one year time frame the electricity charges up by 86 percent. Electricity charges for the week ended Feb 25 stood at Rs 6.88 per unit as compared with same period of 2020 in Feb electricity charges were Rs 3.70 per unit. A week the electricity charges stood at Rs 4.18 per unit up by 64.5 percent.
During the week, out of 51 items, prices of 25 (49.02 percent) items increased, five (9.8 percent) items decreased, and 21 (41.18 percent) items remained constant, said the PBS in weekly SPI data.
The PBS data further stated that the year-on-year trend depicts an increase 13.89 percent with most of the items increased mainly chilies powder National pack (143.07 percent), electricity for Q1 (85.95 percent), eggs (66.33 percent), chicken (61.70 percent), gents sandal (33.37 percent), match box (30.47 percent), gents sponge chappal (25.13 percent), mustard oil (24.37 percent), long cloth (21.88 percent), sugar (20.60 percent), and washing soap (19.64 percent), while a major decrease was observed in the price of onions (46.90 percent), garlic (34.65 percent), tomatoes (25.12 percent), the LPG (19.96 percent), diesel (8.70 percent), and petrol (3.99 percent).
The SPI for the consumption groups up to Rs17,733, from Rs17,733 to Rs22,888, Rs22,889 to Rs29,517 and Rs29,518 to Rs44,175 and above Rs44,175 per month increased by 6.65 percent, 3.57 percent, 1.95 percent, 1.29 percent, and 1.47 percent, respectively.
The commodities, which recorded increase in their average prices include electricity charges for Q1 per unit (64.59 percent), bananas (4.25 percent), long cloth 57" Gul Ahmed/Al Karam (2.96 percent), pulse gram (2.43 percent), chicken (2.14 percent), potatoes (1.39 percent), mustard oil (1.39 percent), vegetable ghee Dalda/Habib 2.5 kg tin each (1.14 percent), tea prepared (1.08 percent), eggs (0.85 percent), vegetable ghee Dalda/Habib or other superior quality 1kg pouch each (0.77 percent), toilet soap (0.74 percent), rice basmati broken (0.66 percent), rice IRRI-6/9 (0.59 percent), Sufi washing soap (0.56 percent), wheat flour bag 20kg (0.54 percent), garlic (0.52 percent), moong (0.37 percent), shirting (0.25 percent), mutton (0.21 percent), sugar (0.09 percent), masoor (0.08 percent), powdered milk NIDO 390gm polybag each (0.08), maash (0.03 percent), and beef with bone (0.03 percent).
According to the PBS, decrease was observed in the price of tomatoes (6.04 percent), onions (2.42 percent), LPG 11.67 kg cylinder each (2.03 percent), gur (0.15 percent), and firewood whole 40kg (0.01 percent).
The items of prices which remained unchanged during the period under review include bread plain, milk fresh, curd, cooking oil Dalda or other similar brand (SN), 5 litre tin each, salt powdered, chilies powder, tea Lipton Yellow Label, cooked beef, cooked daal, cigarettes Capstan, lawn printed Gul Ahmed/Al Karam, Georgette, gents sandal Bata pair, gents sponge chappal Bata pair, ladies sandal Bata pair, gas charges, energy saver Philips, match box, petrol super, hi-speed diesel per liter, and telephone call charges.
Copyright Business Recorder, 2021