Federal Minister for Finance and Revenue Mr. Shaukat Tarin presided over the meeting of National Price Monitoring Committee (NPMC), held at the Finance Division, on Wednesday.
Federal Minister for Food Security & Research Syed Fakhar Imam, Secretary M/o Industries and Production, Secretary Ministry of National Food Security & Research, Provincial Chief Secretaries, Economic Advisor Finance Division, Member PBS, MD Utility Stores Corporation, Chairperson CCP, Chairman TCP, Member Customs FBR, Addl. Deputy Commissioner ICT and other senior officers participated in the meeting.
Economic Adviser Finance Division briefed the NPMC about weekly SPI which witnessed decrease by 0.11% as compared to decline of 0.06% in the previous week, 33 food items contributed decrease of 0.05%, whereas 18 non-food items contributed decrease of 0.06% to the SPI.
NPMC was informed that prices of 26 items remained stable in the last week. Whereas prices of 08 items decreased contributed decline in SPI by 0.47%. The items shown decline included Chillies Powder by 0.21%, Potatoes by 0.03%, Onions by 0.001% and other by 0.23%. While prices of 17 items increased that contributed increase in SPI by 0.36% which included Tomatoes by 0.21%, Garlic by 0.02%, Cooking Oil by 0.05% and others by 0.08%. A continuous decrease in the SPI has been witnessed during the last three weeks
NPMC was also briefed on CPI Inflation, which showed slight increase of 0.25 % in non-perishable food items and decrease of 5.22% in perishable food items on MoM basis. Commodities like households, transportation, restaurant, energy items and hotel services have registered increase in the prices on YoY basis.
