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Reading: Latest Weekly Inflation Update for Essential Goods in Pakistan
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Pakistan's Inflation
PhotoNews Pakistan > Pakistan > Latest Weekly Inflation Update for Essential Goods in Pakistan
Pakistan

Latest Weekly Inflation Update for Essential Goods in Pakistan

Web Desk
By Web Desk Published September 14, 2024 2 Min Read
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The image illustrates the rising inflation rates. Photo Credit: The Friday Times.
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The Federal Bureau of Statistics of Pakistan released its weekly inflation report for Pakistan, revealing nuanced shifts in the cost of essential goods. Over the past week, the country saw a slight inflation increase of 0.01%, bringing the overall inflation rate to 14.36%.

This week’s data indicates price fluctuations across various essential items. Prices for 15 essential goods rose, while 14 others decreased, and 22 remained stable, maintaining the overall inflation rate at 14.36%. Significant price increases were noted in tomatoes, which rose by Rs. 7.40 per kilogram, live chicken by Rs. 16.07 per kilogram, chickpeas by Rs. 9.26 per kilogram, beef by Rs. 11.00 per kilogram, and garlic by Rs. 12.00 per kilogram.

Read: State Bank of Pakistan Cuts Key Policy Rate by 200bps

Additionally, mutton prices climbed by Rs. 14 per kilogram. Other items such as broken Basmati rice, ghee, yoghurt, and fresh milk also experienced hikes. Notably, electricity unit prices increased by 26 paise last week.

Conversely, some essential items became more affordable. Bananas per dozen dropped by Rs. 8.00, and masoor dal (split red lentils) per kilogram decreased by up to Rs. 8.00. The cost for a 20-kilogram bag of flour fell by Rs. 17.00, eggs per dozen by Rs. 3.00, and potatoes per kilogram by 82 paise. Price reductions were also seen in sugar, edible oil, onions, and other deals.

Read: National Savings Schemes Rates Cut: Sarwa Islamic Term Account Down by 1.22%

The Federal Bureau of Statistics statistics show the changing costs affecting Pakistani consumers. Within just one week, they reflect both increases and decreases in the prices of daily necessities.

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