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Prices of potatoes, onions, eggs, other food items go down

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The prices of various food items went down during the week ending on February 3 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS).

According to the data, the food commodities that witnessed decrease in prices on Week-on-Week (WoW) basis included potatoes and onions, the prices of which declined by 6.06 percent and 3.59 percent respectively.

The other food products that witnessed decrease in prices included Eggs (3.53%), Sugar (0.83%), Pulse Mash (0.48%) and Pulse Moong (0.19%).

On Year-on-Year (YoY) basis, the commodities that witnessed decrease in prices during the week com-pared to corresponding week of last year included f pulse Moong (26.55%), chillies powdered (22.44%), onions (5.58%), potatoes (2.61%) and chicken (1.86%).

On the other hand, the items that witnessed increase in prices on WoW basis included tomatoes (90.13%), chicken (10.50%), garlic (5.67%), ba-nanas (2.47%), mustard oil (2.38%) and non-food items lpg (1.54%) and energy saver (1.06%) was observed with joint impact of (1.43%) into the over-all spi for combined group of (1.35%).

On YoY basis, the commodities that witnessed in-crease in prices included tomatoes (232.93%), elec-tricity for q1 (81.39%), lpg (54.24%), mustard oil (49.61%), cooking oil 5 litre (46.29%), washing soap (41.74%), vegetable ghee 1 kg (41.31%), vege-table ghee 2.5 kg (41.00%), pulse masoor (39.00%), garlic (35.68%), petrol (34.87%) and diesel (27.35%).

During the week, out of 51 items, prices of 22 (43.14%) items increased, 06 (11.76%) items de-creased and 23 (45.10%) items remained stable

The overall SPI based weekly inflation for the week ended on February 3 witnessed an increase of 1.23 per cent for the combined income group as com-pared to the previous week.—APP

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