In a welcome development for Pakistan’s inflation-stricken population, the latest figures from the Federal Bureau of Statistics show a slight reduction of 0.1 percent in the inflation rate over the past week. This decrease provides some much-needed relief after a prolonged period of rising prices.
The data highlights a drop in the prices of nine essential items, such as tomatoes, wheat flour, onions, sugar, chicken, lentils, and bread. However, the prices of 21 other items, including eggs, pulses, potatoes, beef, milk, and LPG, continue to rise.
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On an annual basis, the price of onions has surged by 89.5 percent, chickpea lentils by 34 percent, and tomatoes by 28 percent. Over the past year, dry milk has increased by 26 percent, beef and lentil mong by 24 percent each, and garlic by over 28 percent. Gas charges have seen the most dramatic rise, skyrocketing by up to 570 percent.
The increase in prices for dry milk, beef, lentil mong, and garlic ranges from 24 percent to 28 percent, while gas charges have experienced an unprecedented surge of 570 percent.
