Inflation continue drifting to new heights in Pakistan during PTI tenure

Inflation has drifted to new heights in Pakistan throughout most of the two-year tenure of the Pakistan Tehreek-e Insaf (PTI) government. Despite the fact that Prime Minister Imran Khan vowed not to spare the mafia as he passionately called out those involved in inflation, the prices of food items in the country are touching the skies amid the critical times of COVID-19.

According to the latest documents, price inflation on basic staples like pulses, beans, and vegetables has continued to move upwards.

Inflation in one year:

• The prices of spices increased by 86.31%.
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• Potatoes became 56.77 percent and tomatoes 54.88 percent more expensive. Last year, potatoes were sold at Rs 44 per kg, but now they have gone up to Rs 69 per kg. Whereas the price of tomatoes was Rs 85 per kg, but now it has reached Rs 132 per kg.
• Eggs price up by 46.91%. They were getting sold at Rs 114 per dozen while now they are getting sold at Rs 167.
• The price of Dal moong has increased by 37.64% per kg. Last year Dal Moong was available at Rs 175 per kg while now it is available at Rs 240 per kg.
• In one year, the price of dal mash increased by Rs. 63 per kg
• Sugar prices rose by 34.71% per kg. Last year, sugar was Rs 74 while now it has reached Rs 100 per kg.
• The price of broiler chicken live has increased by 18.01% per kg.  In one year, the price has gone up by Rs 30 per kg.
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• In the duration of one year, a 20 kg bag of flour got 17.37% more expensive. The price of 20 kg bags of flour increased by Rs. 155
• In one year, the ghee prices became expensive by 17.76%.
• Bread prices also increased by more than 18% in one year.
• In one year, the price of fresh milk increased by more than Rs. 10 per kg

Let it be known that the average Consumer Price Index (CPI) for the last year remains in double-digits (10.4%) despite a nosedive in aggregate demand during the pandemic. The notable food price hike is evident from a vast difference in CPI and food inflation.

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