Islamabad/Karachi_Pakistan’s weekly inflation rate saw a slight increase of 0.01%, with the annual inflation rate reaching 14.36%, according to the latest report from the Pakistan Bureau of Statistics. The report highlights fluctuating prices of essential commodities, with some items becoming more expensive while others witnessed a price drop.
The mixed trend in prices has resulted in a complex situation for households across the country, with fluctuating food costs and rising utility rates adding to the financial strain. During the past week, the prices of 15 essential commodities saw an uptick, while 14 items experienced a decrease.
Among the most significant increases was chicken, which became more expensive by Rs16 per kg, a 2.5% rise from the previous week. The cost of electricity per unit also rose by 26 paisas, adding to the financial burden of households and businesses. Staple food items such as daal channa saw a price hike of Rs9.26 per kg, while garlic became more expensive by Rs12 per kg, a 4.5% increase.
Meat products also recorded an increase, with beef prices rising by Rs11 per kg and mutton by Rs14 per kg. These price hikes will likely affect household budgets, particularly for low-income families who rely on these essential items.
However, there was some relief for consumers as the price of bananas decreased by Rs8 per dozen, a 5% drop from the previous week. Daal maash saw a price reduction of Rs8 per kg, while the price of a 20kg bag of flour dropped by Rs17, providing some respite for households.
Eggs also became cheaper, with the price per dozen falling by Rs3, a 2% decrease. These price drops will likely benefit households, particularly those with limited budgets.
The fluctuating prices of essential commodities are a result of various factors, including supply chain disruptions, changes in global commodity prices, and domestic economic conditions. The government has implemented measures to control inflation, including monetary policy adjustments and subsidies for essential items. However, the impact of these measures is yet to be fully felt, and households continue to face financial strain due to rising costs.
