Islamabad: Following the implementation of the federal budget for the fiscal year 2024-25, Pakistan has witnessed a consistent increase in inflation rates over the past three weeks. The latest weekly report by the Federal Bureau of Statistics reveals a 0.76% rise in weekly inflation and an annual inflation rate climbing to 24.36%.
According to the statistical agency, prices of 29 essential commodities surged during the week, with only five items experiencing slight price reductions. Chicken prices saw a significant 10% increase per kilogram, pushing rates from Rs. 373.25 to Rs. 412. Additionally, powdered milk prices rose by 5%, while egg prices increased by 3%. Potatoes and garlic became more expensive by 2% each.
The report highlighted that garlic prices spiked to Rs. 10.42 per kilogram, with pulses, fresh milk, sugar, rice, and yogurt also showing notable increases. Conversely, tomato prices dropped to Rs. 7.29 per kilogram, and bananas became cheaper at Rs. 3.62 per kilogram.
It further noted stable prices for 17 items including onions, lentils, and LPG gas, while products like bread, cooking oil, tea leaves, and cigarettes maintained their current price points.
These developments underscore growing concerns over the economic impact on consumers, as rising inflation challenges household budgets across the country. Authorities continue to monitor the situation closely amid efforts to stabilize prices and mitigate the financial strain on the populace.
Inflation Surge Hits 29 Essential Items Across Pakistan
