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Inflation continued to increase, with a weekly inflation rate of 17.96 percent on an annualized basis

by Web Desk
August 10, 2024
in Business
Inflation continues to rise, prices of 17 items increased further in the past week
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Islamabad: After the implementation of the federal budget for the current fiscal year 2024-25 in the country, after a slight decrease, the inflation rate has increased again and in the recent week, the inflation rate in the country has increased by 0.30 percent and the inflation rate has also increased on an annual basis. The rate of 17.96% was recorded.

According to the weekly report of inflation issued by the Federal Bureau of Statistics, the price of chicken increased by 0.52%, garlic by 3.23%, potato by 0.70%, onion by 32.23%, LPG by 1.73%, lentils by 0.95%, Eggs have increased by 4.28 percent, dal mash by 0.97 percent, dal mung prices by 0.83 percent, fire products by 0.56 percent and cigarette prices by 0.09 percent.

On the other hand, the price of bread has decreased by 0.02 percent, the price of tomato by 19.12 percent, red chili powder by 1.31 percent, banana by 1.55 percent, the price of lentils by 0.68 percent, the price of sugar by 0.44 percent and the price of flour by 1.39 percent.

According to the statistics, during the recent week, the inflation rate for the group having income up to 17 thousand 732 rupees per month on an annual basis increased by 0.46 percent to 11.15 percent, from 17 thousand 733 rupees to 22 thousand 888 rupees per month. The rate of inflation was 15.53% with an increase of 0.40% for the income group up to Rs. 22,889 to Rs.

The Institute of Statistics said that the rate of inflation was 18.20 percent with an increase of 0.32 percent for the group having income from 29 thousand 518 rupees to 44 thousand 175 rupees per month and the rate of inflation for the group having income more than 44 thousand 176 rupees per month increased by 0.27 percent. with 17.20 percent.

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