Inflation Surge: Essential goods prices skyrocket in Pakistan

In Pakistan, the cost of essential commodities has seen fluctuations, causing concerns among consumers. The prices of items like onions, tomatoes, firewood, pulses, large meat cuts, broiler chicken, LPG cylinders, and rice have increased.

Additionally, fruits have experienced a reasonable price hike. According to the latest weekly inflation report from the Pakistan Statistical Institute, the inflation rate for the week ending on January 11, 2024, has surged by 16.44 percent compared to the same period last year, marking a 01.36 percent increase from the previous week.

The report, comparing prices in 17 major cities across the country for 51 items, reveals that 21 items witnessed an increase, 8 saw a decrease, and 22 remained stable.

Notable increases were observed in the prices of onions, tomatoes, eggs, bananas, various dals, meat, chicken, rice, firewood, LPG cylinders, and more.

Conversely, prices of certain items like potatoes, cooking oil, vegetable ghee, mung dal, garlic, sugar, and mustard oil have decreased.

Stability was observed in the prices of various food items, clothing, energy, and daily essentials, reflecting the economic challenges faced by the public.

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