33pc inflation reported

ISLAMABAD - Tea, the breakfast staple and source of relaxation at peak working time of a labourer, will shortly become a luxury because its small pack's price has shot up by Rs 30 during last 12 months. Federal Bureau of Statistics Friday announced weekly inflation figures, measured by Sensitive Price Indicator, a barometer to check latest prices of 53 daily commodities largely used by the poor strata. The statistics showed Rs 7 jump in the rates of 250-gram tea pack during last seven days. It was available at above Rs 90 from a week earlier Rs 83 in the market. The FBS figures depicted Rs 30 or 38.7 per cent increase in the same quantity tea pack since August 16, 2007. Khan Mohammad 33, a labourer by profession, says he is habitual of drinking five to seven cups of tea from breakfast to dinner. "I used to pay Rs five per cup some months back but now the shopkeeper charges Rs 10", complains Khan Mohammad who earns Rs 250 per day when inflation for his class has broken the barrier of 30 per cent, the highest since 1970s. According to the Statistics Department, the SPI based weekly inflation has surged by 33.55 per cent for people earning up to Rs 3000 per month during week ended on August 13 over the same period of the last year. The FBS reported 31.48 per cent inflation for all income groups, ranging from Rs 3000 to above 12000 per month. One-week increase in inflation for all income groups was 0.54 per cent, said the FBS. Adrees Ahmad 22, who also works with Khan Mohammad, says his family consists of seven members and they can only afford bread and tea in the breakfast irrespective of age requirements of his younger brother and sister. "I used to buy a large size bread by spending Rs 28 but now the shopkeeper says due to increase in prices of wheat and flour, he will sell the same bread at Rs 45", the young laborer narrates his story. The Statistics Office reported each cup of tea price at Rs 7.96 and medium size bread at Rs 22.5. This price is 35 per cent higher than the last year. The FBS also reported that prices of 48 daily essential items increased since August 16, 2007. In just one week the Statistics Office listed 29 items whose prices surged. Onions, garlic, chicken, bath soap (lifebouy), which is used by the poor household, curd, sugar, wheat, flour, tea, cooked pulse, cooking oil, potatoes, mutton, beef, rice, eggs, bananas, red chilies and slat are few essential items out of 48 soaring commodities whose prices increased over the year.

ePaper - Nawaiwaqt