New Delhi: Every inflation is rising rapidly in the neighboring country of Pakistan. More recently, the IMF also warned Pakistan against inflation. Now Pakistan Bureau of Statistics (PBS) has said a great thing about inflation. On Friday, PBS said inflation as measured by the Sensitive Price Index (SPI) hit a record high in September from a week earlier.
According to the SPI, the inflation rate on an annual basis hit a record high of 45.5% in September, which is the highest rate for a year. According to PBS, the inflation rate rose 1.31% last week due to a spike in vegetable prices. One of the main reasons for this is also the devastating floods in the country. More than 33 million people have been affected in Pakistan due to the floods.
Supply system blocked due to flooding
According to the report, it was the third week in a row that the inflation rate rose continuously. The cargo supply system has been badly affected due to the dangerous floods in the country. Vegetables do not reach the mandis, thanks to which vegetable prices have started to touch the sky. There is a shortage of essential goods everywhere.
31 increase in commodity prices
New data from Geo News shows that the average prices of about 31 commodities in the country, including onions, tomatoes, eggs, etc., have increased in recent weeks. On the contrary, there was a drop of three items including some vegetables and ghee. At the same time, there are about 17 such goods whose prices are still stable.
According to the report, food prices, including onion 42.17%, tomato 13.25%, moong lentils 7.94%, potato 6.97%, eggs 3.84%, chicken 3.25%, wheat, have increased since the floods in Pakistan.
Key words:, Pakistan
FIRST POST: September 03, 2022, 5:34 PM IST