SPI up 30.6pc as prices of flour, sugar, eggs rise.
ISLAMABAD: The Federal Bureau of Statistics (FBS) on Friday reported that weekly inflation measured by Sensitive Price Indicator (SPI) year-on-year for 53 daily use kitchen items for week ending on October 9, 2008 has increased by 30.67 percent as compared to the corresponding week of the last fiscal.
The most depressing aspect of the FBS figures was that in a span of one week, prices of wheat flour up by 12.98 per cent to Rs27.50 per kilogram, wheat 8.41 per cent to Rs24.49 per kg, sugar 7.45 per cent to Rs37.66 per kg, egg (farm) 5.98 per cent to Rs59.87 per dozen, powder milk 5.47 per cent to Rs170 per 400 gram, chicken 3.91 per cent to Rs112.65 per kg, tea prepared by 1.87 per cent to Rs8.18 per cup, gur 1.8 per cent to Rs39.05 per kg and potatoes price up by 1.5 per cent to Rs27.15 per kg.
Inflationary pressure during the week under review was higher on lowest income group earning below Rs3000 per month. For them, SPI registered an increase of 33.04 per cent. Income group Rs3001 to Rs5000, it stood at 31.77 per cent, for Rs 5000 to Rs 12000 it was at 31.25 per cent and for income earners of more than Rs12000, it stood at 30.36 per cent as compared to the same week of the fiscal year 2007.
According to the SPI bulletin, year-on-year the rise in the prices of some necessities and kitchen items was exorbitant. These items were wheat flour, wheat, sugar, powder milk, bananas, onions, chicken, potatoes, L.P.G, tomatoes, gur, firewood, eggs, beef, fresh milk, rice, ghee, petrol, diesel and all type of pulses.
The SPI bulletin based on data collected for about 53 items from 17 centres, showed that 20 items registered increase whereas 14 items showed decline while prices of 19 items remained unchanged.
Further analysis of the data revealed that year-on-year basis; some items are dearer by double digits. These include; kerosene which was costlier by 89 per cent, wheat flour 71 per cent, wheat 71 per cent, potatoes 47 per cent, plain bread 34 per cent, chicken 28 per cent, sugar 27 per cent, egg 25 per cent, curd 23 per cent, cooked beef 23 per cent, firewood 22 per cent, fresh milk 22 per cent and beef price up by 15 per cent over corresponding week of the last fiscal.
Prices of 14 items decreased, yet compared to the prices of corresponding week of last year, items which showed increase in their prices were; masoor pulse dearer by 120 per cent, rice IRRI-6 dearer 83 per cent, gram pulse 54 per cent, rice basmati 53 per cent, mustard oil 51 per cent, LPG 48 per cent, vegetable ghee loose 36 per cent, bananas 27 per cent and red chillies prices up by 21 per cent over corresponding week of the last fiscal.
Though the price of 19 items remained unchanged yet the prices of some items as compared to corresponding week of the last week are still dearer by double digit. These items include diesel, which was costlier by 81 per cent, petrol 52 per cent, tea packet 45 per cent, cooking oil (tin) 45 per cent, vegetable ghee (tin) 43 per cent, bath soap 31 per cent and electric charges up by 16 per cent.