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Weekly price trend of essential items till March 5
A scene at one of the supermarket in Paranaque City, a shopper checks on sweetened drinks. Report said that Consumer prices in January rose at the fastest pace in over 3 years, exceeding expectations, as the government implemented the first tranche of tax reforms.The consumer price index rose 4 percent, compared to the 3.3-percent increase last December. Analysts polled by Bloomberg predicted a 3.5-percent uptick. It was the fastest increase since Oct. 2014.he government implemented higher taxes on fuel, sugar-sweetened drinks and cars from Jan. 1 to offset a reduction in personal income tax rates and help fund President Rodrigo Duterte's P8-trillion infrastructure program.Photo by:NONIE REYES

Weekly price trend of essential items till March 5

ISLAMABAD: Sensitive Price Indicator (SPI) monitors the price movement of 51 essential items on weekly basis. The SPI for the week ended on 05th, March 2020 decreased by 0.32%. The last week it also decreased by 1.16%. This is the fourth consecutive decline in SPI.

Twelve (12) items recorded decline in prices some of these are: Tomatoes 10.8%, LPG 8.4%, Petrol Super 4.2%, Diesel 3.9%, Garlic 2.7%, Pulse Gram 2.2%, Wheat Flour 1.2%, Chicken 0.8%, Masoor Pulse 0.8%, Mash Pulse 0.5%, Pulse Moong 0.5% and Mustard Oil 0.2%.

Eighteen (18) items recorded increases in their prices and some of these are; Potatoes 8.3%, Onions 5.9%, Eggs 4.1 %, Sugar 2.4%,Long cloth 1.7%,  Bananas 1.4%, Rice Irri 1.0%, Georgette 0.9%, Mutton 0.4% and Vegetable ghee 0.04%.

Prices of Twenty One (21) items remained stable.

Table given below presents the SPI trend during January, February and March 2020.

Week ended on               percentage change over last week

Expenditure group          SPI for Combined income group

02-01-2020          0.90        0.74

09-01-2020          0.45        0.36

16-01-2020          -0.43      -0.18

23-01-2020          -0.55      -0.40

30-01-2020          -0.31      -0.36

06-02-2020          0.48        0.21

13-02-2020          -0.47      -0.38

20-02-2020          -0.03      -0.14

27-02-2020          -1.34      -1.16

05-03-2020          0.28        -0.32

  1. Prices comparison during the current week, previous week as well as corresponding week of last year is at annex-I.