Chicken 600/KG egg 400/Dozen; prices witness big hike
Gold rates in Pakistan maintain upward trend,
Inflation Rate in Pakistan increased to 29.70 percent in December from 29.23 percent in November of 2023. Inflation Rate in Pakistan averaged 8.36 percent from 1957 until 2023, reaching an all time high of 37.97 percent in May of 2023 and a record low of -10.32 percent in February of 1959. According to the Pakistan Bureau of Statistics, the inflation level is on the rise in the country. Last week, the prices of 21 essential commodities, including chicken, onion and tomato, recorded an increase.
The weekly inflation reached a high level of 44.16% with an increase of 1.36%.
According to the weekly inflation data of the bureau of statistics, inflation in the country has remained at a high level of more than 40% for the past nine weeks. Last week, inflation reached 44.16% after an increase of 1.36%.
During this time, 21 essential commodities became expensive, while the prices of eight commodities decreased.
The items that registered an increase in price include tomatoes, onions, chicken, eggs, jaggery, daal channa, daal maash and rice.
Moreover, the prices of electricity, LPG, matches, energy savers also saw a raise. However, potatoes, ghee, sugar, cooking oil, garlic, daal moong saw a drop in prices.
Meanwhile, the prices of 22 items remained stable. On an annual basis, tomato got expensive by 156%, red chilli 82%, garlic 60%, sugar by 57%, and flour by 55%.
Rice became expensive by 52%, while the price of cigarettes increased by 93%. Compared to last year, gas charges increased by 1,108%. In one year, onion became cheaper by 6.68% and ghee by 1.67%.,
The price of chicken reached Rs600 per kg. The price of eggs has reached Rs 400 per dozen.
The citizens had appealed to the interim Punjab chief minister to control the chicken mafia and ensure that the basic commodities of life would be available at reasonable prices.
The new year may have arrived but the poverty-stricken masses have yet to find any relief from inflation, which continues to rise.
Earlier,
The fluctuating gold market in Pakistan witnessed another increase of Rs950, with the price of 24-karat gold reaching Rs217,450 per tola.
According to gold dealers, the rate of 10 grams of 24-karat gold also increased by Rs814 and was being sold at Rs186,428.
Moreover, 10 grams of 22-karat gold was being sold for Rs170,893
These fluctuations are closely tied to changes in the value of the US Dollar, highlighting the intricate relationship between currency values and gold prices. On the other hand, the price of 24-karat silver remained stable at Rs2,650. On the global stage also, the gold price also increased by $12 to settle at $2,068 per ounce.
It’s noteworthy that gold rates in Pakistan can undergo significant variations throughout the day, influenced by trends in the global market. The provided rates are sourced from reliable outlets, primarily situated in Karachi and Multan. For the latest and most accurate gold rates, it is recommended to consult with local gold merchants and jewellers.
Remaining well-informed about the dynamic nature of gold prices in Pakistan is crucial for individuals keen on staying abreast of market trends.
