The annual rate of inflation is 34.05%.

Web DeskJune 24, 20234432 min
The annual rate of inflation is 34.05%.

ISLAMABAD:

According to the Pakistan Bureau of Statistics, inflation in Pakistan remained high at 34.05% on an annual basis.

Inflation increased by 0.33% week on week.

According to the PBS’s weekly inflation report, the prices of 20 essential items increased last week while those of 12 decreased. Meanwhile, 19 goods’ prices stayed unchanged.

Read more : Pakistan’s inflation expected to remain above 28.5% in FY23, despite the global financial crisis.

According to the survey, flour prices increased by 4.95% in a week, followed by potatoes by 2.60% and sugar by 2.49%.

Certain commodities, on the other hand, saw price decreases. Bananas, for example, became 5.56% more affordable, while the price of liquefied petroleum gas (LPG) fell by 4.30%. Moreover, within the same week, onions fell by 4.03% and tomatoes fell by 1.63%.

Inflation is a source of concern for Pakistanis, who are already grappling with the economic constraints brought by declining purchasing power.

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