SPI Weekly Update 21.69% Year-on-Year Growth & Price Trends Revealed
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 309.91 points as compared to 308.52 points during the past week.
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 21.69 percent.
The weekly SPI with the base year 2015-16 =100 covers 17 urban centers and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group up to Rs 17,732, increased by 0.81 percent and went up to 301.25 points from the last week’s 298.82 points.
The SPI for consumption groups of Rs 17,732-22,888, Rs 22,889-29,517, Rs 29,518-44,175, and above Rs 44,175, increased by 0.70 percent, 0.56 percent, 0.51, and 0.33 percent respectively.
During the week, out of 51 items, prices of 19 (37.26%) items increased, 14 (27.45%) items decreased and 18 (35.29%) items remained stable.
The items, that recorded a decrease in their average prices on a week-on-week basis included bread (3.02%), garlic (2.00%), petrol (1.74%), pulse masoor (1.43%), diesel (1.42%), rice basmati broken (1.32%), chilies powder (1.31%), eggs (0.94 %), wheat flour (0.77%) and mustard oil (0.46%).
The commodities which recorded an increase in their average prices on week-on-week basis included onions (33.21%), tomatoes (15.34%), bananas (4.93%), pulse gram (3.69%), potatoes (2.62%), chicken (1.84%), georgette (1.57%), gur (1.45%), pulse mash (1.07%), lawn (0.66%), cigarettes (0.41%) and energy saver (0.38%).
Every year, the commodities that witnessed a decrease included chicken (29.00%), wheat flour (28.35%), bananas (25.69%), cooking oil 5 liters (17.05%), vegetable ghee 2.5 kg (15.12%), vegetable ghee1 On kg (14.19%), mustard oil (9.73%), eggs (8.73%) and LPG (5.47%).
The commodities that recorded an increase in their average prices on a year-on-year basis included gas charges for Q1 (570.00%), onions (100.37%), chilies powder (57.89%), garlic (43.40%), tomatoes (36.23%), salt powder (31.30%), shirting (30.52%), gents sandal (25.01%), pulse mash (25.00%), beef (21.86%), energy saver (20.53%) and sugar (19.85%).
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