Despite a decrease in overall inflation, the prices of 19 essential items have risen over the past week.
According to the Pakistan Bureau of Statistics, potatoes, rice, bananas, beef, garlic, and eggs are affected. This price increase contrasts with the decrease experienced by 13 other items, illustrating a mixed economic situation.
Significant factors influencing inflation include tax increases in the federal budget and higher electricity prices resulting from the IMF’s conditions. Nevertheless, the government’s efforts have reduced the inflation rate to 14.07%, although weekly data indicates a 0.15% decrease.
In detail, the price of onions rose by 5.58 PKR per kilogram, garlic by 7.38 PKR per kilogram, and an LPG domestic cylinder by 27.66 PKR. Additionally, eggs went up by 1.65 PKR per dozen. Conversely, tomatoes saw a price drop of 19.03 PKR per kilogram, chicken by 6.73 PKR, and a 20 kg wheat bag decreased by 23.32 PKR. Prices for 19 items, including mutton and tea leaves, remained stable.
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Amid these fluctuations, gold prices have also surged. The price of gold has increased by 1,400 PKR per tola, setting the new price at 263,500 PKR per tola. The price for 10 grams of gold climbed by 1,200 PKR, reaching 225,908 PKR. This rise aligns with global trends where the price of gold per ounce has increased by 15 USD to 2,518 USD.
