The country’s weekly inflation rate increased by 0.35% while the annual rate in the most recent week was 27.13% as consumers’ purchasing power continues to decline.
According to the Federal Bureau of Statistics’ weekly inflation report, the cost of at least 23 necessities increased this past week, while the cost of 14 other necessities declined and stayed unchanged.
The cost of firewood has risen by 1.57% in recent weeks, while the price of salt has climbed by 4.84%, the cost of tomatoes by 2.63%, the cost of dried milk by 2.22%, the cost of tea by 1.24%, and the price of fresh milk by 1.23%.
- The prices of potatoes saw an increase of 1.88%
- The prices of LPG increased by 0.45%
- An increase of 3.63% was recorded in the prices of lentils
- The price of black gram decreased by 1.74%
- The price of chicken by 3.49%
- The price of flour by 1.95%
- The statistics also showed that prices of 14 essential commodities have been stable in recent weeks
According to the statistics, during the last week, the inflation rate for the strata of society with a monthly income of up to Rs17,732 was 22.65%, 26.14% in the rate of inflation for the group with an income of Rs22,889 to Rs29,517 per month.
In the meanwhile, there was a 1.88% increase in the price of potatoes, a 0.45% increase in the price of LPG, and a 3.63% increase in the price of lentils.
However, the cost of chicken dropped by 3.49%, the cost of a black gram by 1.74%, and the cost of wheat by 1.95%. The data also revealed that 14 crucial commodity prices had remained constant in recent weeks.
The figures show that during the previous week, the inflation rate for the socio-economic groups with a monthly income of up to Rs17,732 was 22.65%, and 26.14% for the group with a monthly income of Rs22,889 to Rs29,517.
Similarly, the rate of inflation had increased by up to 328.48% for those earning Rs29,518 to Rs,44,175 per month. Meanwhile, the rate of inflation has surged by 32.58% for the group with an income of more than Rs44,176.
