SPI spikes 30.66pc on costly food

Published December 10, 2022
The average prices of tomatoes range between Rs160 to Rs200, onions Rs200-Rs250 and potato between Rs90-Rs110 per kg.—Online
The average prices of tomatoes range between Rs160 to Rs200, onions Rs200-Rs250 and potato between Rs90-Rs110 per kg.—Online

ISLAMABAD: The weekly inflation, measured by the Sensitive Price Index (SPI), posted a year-on-year increase of 30.66 per cent for the combined income group for the period ending Dec 8 mainly due to surging food prices, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.

However, the SPI on a week-on-week basis rem­ained unchanged. This was mainly because of static oil prices while few vegetable prices posted a slight decline.

The average price of tomatoes in the market ranges between Rs160 to Rs200 per kg while that of onions is in the range of around Rs200 per kg to Rs250, respectively. Similarly, the potato price ranges between Rs90 per kg to Rs110.

In the food group, the items that saw the highest week-on-week increase in prices include onions (8.74pc), bananas (2.36pc), rice basmati broken (2.22pc), eggs (1.98pc), salt powdered (1.33pc) and sugar (1.17pc). In the non-food items, prices of LPG increased (2.47pc) and matchbox (1.95pc).

On the other hand, major decrease is observed in the prices of tomatoes (25.48pc), chicken (3.70pc), potatoes (3.68pc), pulse masoor (0.38pc), cooking oil 5 litre & vegetable ghee 2.5 kg (0.32pc) each, pulse gram (0.30pc) and vegetable ghee 1 Kg (0.28pc).

On a year-on-year basis, the items whose prices jumped the most included onions (422.57pc), diesel (64.57pc), tea Lipton (62.­61pc), salt powdered (57.­35pc), eggs (55.28pc), petrol (53.85pc), gents spo­nge chappal (52.21pc), ban­anas (50.­58pc), tomatoes (49.04pc), pulse gram (48.06pc), pulse moong (45.44pc), mustard oil (42.96pc) and pulse mash (39.98pc), respectively.

Published in Dawn, December 10th, 2022

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.