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Chicken and Potato Prices Show Some Sign of Relief, Onion in a Race with Dollar

admin-augaf by admin-augaf
January 27, 2023
in Business, Finance
Reading Time: 2 mins read
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India August Inflation Accelerates to 7% on High Food Prices

India August Inflation Accelerates to 7% on High Food Prices

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Karachi January 27 2023: Chicken and Potato prices showing some sign of relief on improvement in product availability but wheat and Onion prices continue to surge in the country, revealed by Pakistan Bureau of Statistics on Friday.

Chicken and Potato is being sold at PKR 371.97 per kg and Potato at PKR 40.84 per kg however Chicken prices are still double when compared with price of PKR 184.06 per kg last year. On the other hand, Onion prices continue to soar and gained PKR 12.87 per kg in a week to sold at PKR 246.57 per kg.

The SPI for the current week ended on 26th January, 2023 recorded an increase of 0.45.

Major increase is observed in the prices of food items, Onions (5.51 percent), Rice Irri-6/9 (4.51 percent), Tomatoes (4.18 percent), Bananas (3.57 percent), Rice Basmati Broken (3.56 percent), Garlic (3.47 percent), Wheat Flour (1.81 percent), Pulse Gram (1.74 percent), Pulse Moong (1.38 percent) and non-food item, LPG (5.29 percent).

On the other hand decrease is observed in the prices of Potatoes (4.47 percent), Chicken (1.63 percent), Gur (0.90 percent), Sugar (0.85 percent), Powdered Milk (0.26 percent) and Vegetable Ghee 2.5 Kg (0.08 percent).

During the week, out of 51 items, prices of 25 (49.02 percent) items increased, 06 (11.76 percent) items decreased and 20 (39.22 percent) items remained stable.

The year on year trend depicts an increase of 32.57 percent, Onions (532.23 percent), Chicken (102.09 percent), Eggs (69.48 percent), Tea Lipton (63.92 percent), Rice Basmati Broken (61.23 percent), Diesel (57.34 percent), Pulse Moong (57.16 percent), Rice Irri-6/9 (57.05 percent), Bananas (53.95 percent), Salt Powdered (49.50 percent), Wheat Flour (48.71 percent), Bread (46.53 percent) and Petrol (45.21 percent), while decrease is observed in the prices of Tomatoes (27.84 percent), Chillies Powdered (15.32 percent), Electricity for Q1 (12.31 percent) and Gur (0.89 percent).

Tags: Inflation
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