Islamabad: The failure to achieve the annual inflation target set by the federal government has also been revealed, the average inflation in the country during the last fiscal year 2023-24 was 23.41 percent which is higher than the annual target of 21 percent.
According to the details, the Federal Bureau of Statistics has released a monthly report on inflation, which states that inflation increased by 0.46 percent on a monthly basis in June. The report stated that the inflation rate in June was 12.57 percent. The rate was 11.76 percent.
According to the report, inflation in cities increased by 0.58 percent while in villages by 0.28 percent during June, the inflation rate in cities during the fiscal year 2023-24 was 24.12 percent.
In the report of the Statistics Institute, it has been said that the rate of inflation in the villages was recorded at 22.41% in the last financial year. Later in May, the rate of inflation rose to 11.76 percent.
The report stated that the price of potatoes increased by 14.73%, meat by 4% and beans by 3.9% in May, while tomatoes, onions by 51%, chicken by 35.2% and wheat by 22.7%. happened
According to the Bureau of Statistics report, liquid fuel became cheaper by 9.4%, electricity charges by 4.5% and motor fuel by 3.18% in May, while electricity prices increased by 58.7% in one year, transport services by 32.2% in one year and cotton garments by 23.2%. Expensive.
