Weekly SPI Report 16.86% Annual Rise Despite Mixed Price Trends
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 322.03 points as compared to 322.54 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 16.86 percent.
The weekly SPI with the base year 2015-16 =100 covers 17 urban centers and 51 essential items for all expenditure groups.
However, the SPI for the lowest consumption group up to Rs 17,732, witnessed a nominal increase of 0.07 percent and went up to 311.04 points from last week’s 310.83 points.
The SPI for the lowest consumption groups of Rs 17,732-22,888 also witnessed a nominal increase of 0.01 percent whereas for consumption groups from Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175, it decreased by 0.05 percent, 0.10 and 0.25 percent respectively.
During the week, out of 51 items, prices of 19 (37.25%) items increased, 13 (25.50%) items decreased and 19 (37.25%) items remained stable.
The items, that recorded a major decrease in their average prices on a week-on-week basis included onions (4.91%), petrol (3.15%), diesel (2.44%), wheat flour (1.83%), pulse moong (1.81%), chicken (1.57%), bananas (1.36%), LPG (0.90%), sugar (0.59%), potatoes (0.58%) and pulse masoor (0.56%)
The commodities that recorded a major increase in their average prices on a week-on-week basis included tomatoes (34.77%), eggs (4.78%), garlic (1.99%), beef (0.88%), cooked beef (0.41%), georgette (0.40%), gur (0.39%), curd (0.32%) and mustard oil (0.28%).
On-year basis, the commodities that witnessed decrease included wheat flour (34.46%), chilies powder (17.78%), electricity charges for q1 (16.91%), cooking oil 5 liters (11.10%), petrol (10.07%), diesel (9.22%), vegetable ghee 2.5 kg (8.84%), rice basmati broken (8.59%), vegetable ghee 1 kg (6.85%), mustard oil (5.43%), sugar (5.17%) and washing soap (0.35%).
The commodities which recorded an increase in their average prices on a year-on-year basis included gas charges for q1 (570.00%), onions (125.64%), pulse gram (42.00%), tomatoes (27.77%), powdered milk (26.51%), garlic (25.16%), gents sandal (25.01%), pulse moong (24.64%), shirting (23.84%), beef (23.71%), salt powder (21.14%) and long cloth (16.64%).
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