Further increase in the rate of inflation in the country

ISLAMABAD: The rate of increase in the rate of inflation in the country has gained momentum.During the recent week, the rise in inflation hit top gear and the inflation rate increased by another 1.37 percent during the week, while the increase in the inflation rate on annual basis reached 42.27 percent.

In the recent week, 29 essential commodities became expensive and 8 became cheaper in the country, while the prices of 14 remained stable.

According to the weekly report of inflation issued by the Federal Bureau of Statistics, during the recent week ending on March 9, 2023, the segment having an income of more than 44 thousand 175 rupees per month was the most affected by inflation, for which the rate of inflation was 44.14 percent. Is.

The report states that the inflation rate has increased by 1.37 percent in the week ending on March 9, 2023, while during this week, the prices of potato, onion, sugar, tomato soap, flour, mutton, beef, vegetable table ghee, dal mash, The prices of a total of 29 essential items including mustard oil, tea, matcha, rice and raw fresh milk have increased and 8 items including chicken, garlic, eggs, LPG, dal chana, dal masoor and mung dal have become cheaper. 14 essential items Prices have been stable.

During the last week, tomato 12.43%, onion 9.26%, potato 11.37%, sugar 5.48%, cooking oil 4.27%, flour 4.97%, vegetable ghee 4.01%, curd 1.89%, milk 1.82%, tea 1.79%, salt 1.21%. And basmati broken rice has become expensive by 1.24% while chicken 6.73%, garlic 2.07%, moong dal 0.83%, masoor 0.50%, eggs 0.77%, LPG 0.26%, gram dal 0.05%, firewood 0.12%. The percentage has decreased.

During the week ending March 9, 23 20, the rate of inflation in the country has been 42.27 percent in terms of Sensitive Price Index (SPI) compared to the same period last year. 39.09% in the rate of inflation for the group having income up to 17 thousand 732 rupees per month on an annual basis in terms of decimals of sensitive prices. 40.98% in the rate of inflation for the income group from 17 thousand 733 rupees to 22 thousand 888 rupees per month. 41.79% in inflation for the income group from 22 thousand 889 rupees to 29 thousand 517 rupees per month. The rate of inflation was 42.53 percent for the group having income from 29 thousand 518 to 44 thousand 175 rupees per month, while the rate of inflation was 44.14 percent for the group having income more than 44 thousand 176 rupees per month.

Among the 29 essential items that have increased in price are potato, onion, sugar, tomato soap, flour, mutton, beef, vegetable table ghee, dal mash, mustard oil, tea, matches, rice and other essential items including open fresh milk. The prices of 8 essential items have decreased, including chicken, garlic, eggs, LPG, gram dal, masoor dal and moong dal, but the prices of 14 essential items have remained stable.