-
-
The inflation rate in Pakistan has surged further on an annual basis, reaching a staggering 27.57 percent, according to the survey conducted by the National Institute of Statistics.
The survey’s findings reveal that prices of 32 essential items have witnessed an increase in the country. In comparison to the previous week, the prices of essential goods have risen by 0.78 percent. During this period, the prices of 7 items have decreased, and prices of 12 items have remained stable.
Among the notable price hikes, red chili powder registered a 7.58 percent increase, rice saw a 7.48 percent rise, garlic prices surged by 5.06 percent, sugar went up by 4.02 percent, jaggery increased by 3.23 percent, broken rice experienced a 3.06 percent rise, chicken prices climbed by 2.83 percent, bananas saw a 2.72 percent increase, while diesel prices went up by 7.29 percent, and petrol prices saw a 6.40 percent hike.
Conversely, the price of tomatoes witnessed a notable decline of 13.60 percent, edible oil prices dropped by 1.65 percent, ghee prices decreased by 0.85 percent, mustard oil saw a marginal reduction of 0.23 percent, and flour prices experienced a minor decrease of 0.19 percent.
The persistent increase in the inflation rate highlights the ongoing challenges in Pakistan’s economy, impacting the affordability of essential goods for the general public. Addressing these concerns and implementing measures to curb inflation remains a crucial task for the country’s economic policymakers.
