(CTN News) – According to the Federal Bureau of Statistics, Pakistan’s inflation rate increased by 0.17%, bringing the annual inflation rate to 20.09%.
This represents a significant increase. It was possible to achieve this goal by increasing the rate of inflation to 20.09 percent.
The information in question was distributed during the course of the previous week. In addition, as a direct result of this, the rate of inflation for each month has already reached 19%.
The Inflation Bureau of Labour Statistics reports that:
The prices of 19 essential commodities have suffered large increases, which has had an impact on the cost of living for a significant number of households.
This has caused the situation to become more expensive for a number of households. All of these factors have contributed to an increase in the cost of living for a variety of essential commodities.
According to the bureau, the prices of a Inflation variety of vital commodities, including as chicken, garlic, daal channa, eggs, bacon, milk, firewood, and cigarettes, have all climbed. The bureau has reported that the prices of these products have grown from their previous levels.
These commodities include things like chicken, garlic, eggs, and cigarettes that have been smoked. Other examples include garlic and eggs. A total of eight different commodities, each of which comprised tomatoes, onions, wheat flour, potatoes, daal masoor, and LPG, experienced a decrease in their respective product prices.
On the other hand, the prices of each of these items went down. In this particular group, the following things were included: wheat flour, potatoes, onions, and tomatoes.
The evidence makes it plainly clear that there has been a large increase in the annual price of a number of goods that are of significant importance.
Inflation goods include:
Within onions, a growth rate of ninety-six percent within the onion
As a consequence of this phenomenon, the amount of money that was spent on daal channa climbed by forty percent.
A 39% increase in the quantity of dry milk that is produced is a significant increase.
There was a 35% rise in the amount of garlic that was produced.
Recently, there has been a 29% increase in the amount of moong daal that has been sold.
The production of beef has increased by twenty-four percent during the past few years.
A new all-time high of 23% was attained by the quantity of salt.
When it comes to the quantity of maash daal, there was a substantial increase of 22%.
Over the course of the previous year, the price of petrol experienced a remarkable growth of 570 percent, which had a significant impact on the quantity of financial resources that were available to individuals who resided in residential dwellings. This was one of the most astounding rises that took place among the numerous that could have taken place.
Despite the fact that the prices of a large number of items went up, there were also a number of major price reductions that took place.
There were a number of significant reductions in inflation prices.
Additionally, there was a decrease of Inflation 5.82% in the cost of eggs, a fall of 13.44% in the cost of cooking oil, a decrease of 10.42% in the cost of ghee, and a loss of 22% in the cost of wheat flour.
All of these increases occurred throughout the period of time.
The rise in pricing was the driving force behind each and every one of these price decreases. Additional products, such as basmati rice, tea, and mustard oil, became more readily available to clients at prices that were more cheap. These products were among those that were made available to customers.
It has been brought to light that the unexpected nature of the prices of commodities in Pakistan has been brought to light by the most recent statistics that have been provided by the Federal Bureau of Statistics.
The enormous price variations have an effect not only on consumers but also on the economy as a whole. Consumers are not the only ones who are affected by these price changes.
SOURCE: STN
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Salman Ahmad is known for his significant contributions to esteemed publications like the Times of India and the Express Tribune. Salman has carved a niche as a freelance journalist, combining thorough research with engaging reporting.
