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Reading: Pakistan’s inflation soars to 20.09%; commodity prices spike
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Baner Club > Blog > Ecnomics > Pakistan’s inflation soars to 20.09%; commodity prices spike
EcnomicsPakistan

Pakistan’s inflation soars to 20.09%; commodity prices spike

Inflation increased by 0.17% last week, prices of 19 essential commodities saw significant increases

Last updated: 2024/07/26 at 5:47 PM
Published July 26, 2024
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Pakistan’s inflation rate rose by 0.17% last week, according to the Federal Bureau of Statistics, making the annual inflation rate 20.09%.

The agency claims that the cost of living has increased significantly for many households due to the considerable price rises of 19 key items.

Important goods like chicken, garlic, daal channa, eggs, pork, milk, firewood, and cigarettes saw price increases, according to the bureau. On the other hand, eight products showed a drop in price: potatoes, wheat flour, daal masoor, tomatoes, onions, and LPG.

Also Read: Pakistan’s inflation rate keeps rising

The information demonstrates noteworthy yearly price rises for a number of necessities:

  • Onions: 96% increase
  • Daal channa: A 40% increase
  • Dry milk: 39% more
  • Garlic: up 35%

Moong daal: Rising byBeef: A 24% increase

Salt: A 23% increase

Maash daal: A 22% increase

The most notable increase was the astounding 570% increase in petrol prices over the previous year, which had a big effect on household finances.

There were also significant price reductions in addition to the price rises for numerous items. The price of wheat flour decreased by 32%, cooking oil by 13.44%, ghee by 10.42%, and eggs by 5.82% too. In addition, the cost of mustard oil, tea, and basmati rice decreased.

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admin July 26, 2024 July 26, 2024
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