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Milk, Yogurt Prices Surge in Lahore Amid Rising Costs

by Web Desk
December 6, 2024
in Economy, New, News, Pakistan
0
Milk, Yogurt Prices Surge in Lahore Amid Rising Costs

Milk, Yogurt Prices Surge in Lahore Amid Rising Costs

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Milk and yogurt prices have seen a significant rise in Lahore this December, leaving citizens frustrated as authorities fail to control the escalating rates.

Reports indicate that milk prices have increased by Rs20 per kilogram, rising from Rs180 to Rs200 per kg, while yogurt prices have surged by Rs20-30 per kg, now selling between Rs220 and Rs230 compared to the previous Rs200 per kg in various areas of the city.

Shopkeepers attributed the price hike to rising operational and production costs, justifying the need to revise rates. However, citizens criticized the administration for leaving them without solutions, expressing disappointment over the lack of intervention.

The increase contradicts recent data from the Pakistan Bureau of Statistics (PBS), which reported a sharp decline in inflation. Pakistan’s annual consumer price index (CPI) inflation dropped to 4.9% in November 2024, the lowest in nearly six years, down from a record 38% last year.

Despite the overall improvement in inflation rates, the hike in essential commodities like milk and yogurt highlights persistent challenges in controlling local market dynamics and protecting consumers from rising costs.

Tags: latestPakistan
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