Weekly inflation rises by 3.73% | The Express Tribune

Share This Post


ISLAMABAD:

Inflation in the last week surged by 3.73% brining the annual rate to a record high of 29.21%, according to the Pakistan Bureau of Statistics (PBS) on Thursday, highlighting the severity of the current economic situation in the country.

The PBS report stated that within the last week, the prices of 20 key items, including eggs, tomatoes, chilli, garlic, potatoes, onions, jaggery, electricity and LPG had seen a significant hike. For instance, the price of sugar ranged from Rs135 to Rs160 per kilo in various cities, while live broiler chicken’s cost escalated from Rs368 to Rs580 per kilogramme (kg).

The statistics showed that specific items experienced substantial price jumps.

Tomatoes’ prices increased by 19.71%, red chilli by 28.98%, and eggs by 4.77%.

Read more: Weekly inflation dips marginally

The LPG prices rose by 4.12%, garlic by 3.09%, onions 2.58% and jaggery 2.18%.

Further, potatoes and wheat flour became dearer by 2.09% and 132%, respectively, on an annual basis.

The data indicated soaring prices for other items over the last year. Tea prices rose by 98%, rice by 79%, sugar 63%, potatoes 62%, tomatoes 60% and jaggery 57%. Chicken and red chilli experienced a substantial increase of up to 55%.

In addition to essential goods, other sectors also witnessed significant price hikes. Gas charges surged by 108% compared to the previous year, further exacerbating the economic challenges faced by the citizens.



Source link

spot_img

Related Posts

UK inflation falls as meat and crumpet prices drop

It was still slightly higher than economists expected, and...

Rawalpindi weather update ahead of Pakistan-New Zealand T20Is – SUCH TV

The initial matches of Pakistan’s home T20I series...

Caitlin Clark becomes first pick in WNBA Draft in $17K dress

Caitlin Clark sported a a pricey Prada outfit for...

Telecom fights price caps as U.S. spends billions on internet access

AT&T, Charter, Comcast and Verizon are quietly trying to...

Goldman Sachs reports earnings before market open — here’s what the Street expects

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's...
- Advertisement -spot_img