Weekly SPI records a decrease of 0.23%

October 23, 2020: The SPI for the current week ended on 22nd October, 2020 recorded a decrease of 0.23% over last week.

This decrease is mainly due to a decline in prices of food items i.e. was observed in the prices of Onions (4.75%), Chicken (1.49%), Wheat Flour (1.31%), Gur (1.26%), Pulse Moong (1.03%), Bananas (0.44%), Sugar (0.39%), Rice Basmati Broken (0.23%), Garlic (0.14%), Pulse Gram (0.03%) and Pulse Mash (0.02%) with joint impact of (-0.28) into the overall SPI for combined group of (-0.23%).

On the other hand, an increase of 1% or more was observed in the prices of Tomatoes (1.57%), Tea Prepared (1.43%) and Potatoes (1.00%).

During the week, out of 51 items, prices of 14 (27.45%) items increased, 11 (21.57%) items decreased and 26 (50.98%) items remained constant.

The year on year trend depicts an increase of 8.76% with most of the items increased mainly Chilies Powder (86.31%), Potatoes (54.44%), Eggs (45.02%), Tomatoes (35.49%), Sugar (34.42%), Pulse Moong (31.89%), Pulse Mash (31.41%), Pulse Masoor (23.59%), Chicken (19.49%), Gur (18.55%), Washing Soap (18.49%) Bread (18.20%), Match Box (17.67%), Vegetable Ghee 1kg (17.33%) and Rice IRRI (17.14%). While a major decrease was observed in the price of Diesel (18.03%), Garlic (12.83%), LPG (9.13%), Petrol (8.11%), Onions (7.82%) and Electricity (7.04%).

PBS