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Reading: Rising Inflation in Pakistan Leaves Public Struggling with Soaring Prices
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Inflation in Pakistan
PhotoNews Pakistan > Business > Rising Inflation in Pakistan Leaves Public Struggling with Soaring Prices
Business

Rising Inflation in Pakistan Leaves Public Struggling with Soaring Prices

Web Desk
By Web Desk Published July 27, 2024 2 Min Read
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Pakistan is currently struggling with inflation, leaving the public severely distressed and unable to find relief.

The cost of living is becoming increasingly difficult to manage. For the fourth consecutive week of the new fiscal year, inflation has continued to rise, affecting the prices of 19 essential items, including chicken, garlic, pulses, eggs, beef, jaggery, and fresh milk.

According to the Bureau of Statistics’ weekly report on inflation, the inflation rate increased by 0.17% weekly. The report highlighted that the prices of 19 essential items increased over the past week. Chicken prices rose by 4.80%, garlic by 2.01%, chickpea lentils by 1.87%, and eggs by 1.71%. Beef prices increased by 0.93%, while jaggery saw a 0.89% rise.

The price of mung beans increased by 0.84%, fresh milk by 0.45%, firewood by 0.23%, and cigarettes by 0.12%. With a 0.17% increase in the weekly inflation rate, the annual inflation rate has reached 20.09%.

Conversely, the prices of tomatoes dropped by 9.19%, onions by 2.14%, bananas by 0.53%, and flour by 0.35%, while potatoes saw a 0.17% decrease. Additionally, the price of LPG decreased by 1.04% over the past week.

The surge in essential goods prices makes it increasingly difficult for the average Pakistani to make ends meet, exacerbating the financial strain on households nationwide.

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