FM Tarin urges strict measures to reduce the increase in essential items prices on Eid

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired a meeting of National Price Monitoring Committee (NPMC) at the Finance Division today.

While reviewing the Year-on-Year and Week-on-Week inflation trends, the Finance Minister urged the respective District Administrations and departments concerned to take stern administrative measures to keep the prices of essential items, including vegetables, in check on the occasion of upcoming Eid-ul-Adha to eliminate undue profiteering.

The Secretary Finance briefed the Committee about a slight increase of 0.07% in weekly Sensitive Price Index (SPI), indicating price stability as compared to the previous weeks. The NPMC also reviewed the year-on-year weekly inflation. It is pertinent to mention that the year-on-year weekly inflation is coming down for the last two months from a high of 17.23% on 20 May 2021 to 12.28% on 8 July 2021, which is a significant decline in SPI.