Prices of basic kitchen items surged in seven months
According to statistics, inflation rose by 6.7 percent from July till March in current fiscal year.
LAHORE (Dunya News) – Following a recent hike in petroleum prices, rates of basic kitchen items besides mutton, beef and chicken have skyrocketed in the last seven months.
Prices of pulses have increased with a range of Rs4-39 per kilo, whereas the concerned authorities have claimed that faster rupee depreciation and rise in energy prices has resulted in increased prices of essential kitchen items.
After September 2018, the district administration of Lahore has issued official rates of food items now.
The prices of per kilo food items have increased the most in April, including lentils-washed (from Rs100 to 139), lentils-unwashed (from Rs100 to 128), gram pulse-washed (from Rs115 to 134), gram pulse-unwashed (from Rs95 to 119), pulse Masoor (from Rs76 to 94), pulse Chana (from Rs96 to 104), thick black chickpeas (from Rs100 to 104), thin black chickpeas (from Rs90 to 98), and sugar (from Rs55 to 60).
According to a report released by the World Bank on April 10, inflation is expected to increase in Pakistan during the next fiscal year and it could go above 10 percent.
According to the data released two days ago, inflation skyrocketed to a five-year high of 9.41 percent in March year-over-year. The facts came to surface when the State Bank of Pakistan raised its key interest rate by 50 basis points to 10.75 percent to contain further inflation.
In April 2014, inflation was recorded at 9.1 percent.
According to statistics, inflation rose by 6.7 percent from July till March in the current fiscal year, while inflation rose by 1.42 percent in March compared to February.
Statistics further determined that rate of tomato increased by 315 percent, green pepper by 151 percent, peas by 54 percent and cucumber by 45 percent in March 2019 as compared to rate of these essential commodities in March 2018.
