ISLAMABAD
\nFederal Minister for Finance and Revenue Shaukat Tarin has expressed satisfaction over the decline in the prices of sensitive commodities.
\nTarin presiding over the meeting of the National Price Monitoring Committee (NPMC) on Wednesday, also appreciated the provincial governments for taking administrative measures to reduce the gap between the wholesale and retail price.
\nThe NPMC was updated on the prices of wheat flour which marked a continuous decline in the prices in the country for the last five weeks. The meeting expressed satisfaction over the availability of sufficient stocks of wheat in the country.
\nMinister of State for Information and Broadcasting Farrukh Habib, Secretary M\/o NFS&R, Secretary M\/o Industries and Production, Provincial Chief Secretaries, Economic Advisor Finance Division, Chief Statistician PBS, MD Utility Stores Corporation, Deputy Commissioner ICT and other senior officers participated in the meeting.
\nThe economic adviser Finance Division briefed the NPMC on CPI inflation and informed that prices of perishable food items and Non-perishable food items have shown significant decline in their prices. He further highlighted that CPI inflation Year-on-Year basis is 12.3% in December 2021 as compared to 8.0% in December 2020. Whereas CPI for Month-on-Month basis remained at -0.02 % in December 2021, however it was 3.0% in November 2021. Overall prices have shown decline as compared to prices in the last month.
\nThe NPMC was also briefed on weekly SPI which decreased by 0.50 percent in the week as compared to previous week, which increased by 0.40 percent. It was informed that 33 food items contributed to decline in the SPI by -0.44%, whereas 18 non-food items contributed -0.06%. Prices of 07 items registered decline which contributed to decline in the SPI by 0.70%.
\nDuring the week, prices of tomatoes declined by 0.31%, Potatoes 0.13% and others 0.13%. NPMC was informed that prices of 22 items remained stable whereas 22 items registered a slight increase in prices which contributed to an increase in the SPI by 0.2%. Prices of Chicken increased by 0.08%, Eggs by 0.04% and others by 0.08%.
\nThe meeting also discussed the sowing situation of wheat in the country and expressed satisfaction on the progress in all the four provinces. NPMC was briefed on the sugar prices and its stock position in the country and expressed concerns on the slight increase in sugar prices in various cities.
\nThe meeting was also apprised on the variations in the prices of pulses and rise in the prices of eggs and chicken due to seasonal factors. The NPMC was informed that prices of onion have marked decrease as compared to its price three years earlier. The NPMC also discussed and directed M\/o NFS&R to formulate a strategy for the provision of storage infrastructure for improving the supply chain of perishable food items.
\nThe finance minister commended the efforts of the government of the Punjab and KP, and Islamabad administration in providing key items at discounted prices through arranging Sastaa bazaars and also expressed satisfaction on the availability of essential items at low rates in Sastaa Bazaars in Sindh and Balochistan.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Federal Minister for Finance and Revenue Shaukat Tarin has expressed satisfaction over the decline in the prices of sensitive commodities. Tarin presiding over the meeting of the National Price Monitoring Committee (NPMC) on Wednesday, also appreciated the provincial governments for taking administrative measures to reduce the gap between the wholesale and retail price. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-237132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"\n