ISLAMABAD: Inflation has reached its highest levels in 70 years of Pakistan’s hostiry, during the three-year tenure of the PTI government, with food prices doubling, while the prices of ghee, oil, sugar, flour and poultry have reached historic levels.
Federal Bureau of Statistics (FBS) in its final report stated that from October 2018 to October 2021, electricity rates increased by 57 per cent from Rs4.06 per unit to at least Rs6.38 per unit.
By the first quarter of October, the price of an 11.67 kg cylinder of LPG had gone up by 51 per cent from Rs1,536 to Rs2,322. Similarly, the price of petrol had gone up by 49 per cent in three years from Rs93.80 per litre to Rs138.73 per litre.
The highest increase in prices of food items was seen in the prices of edible ghee and oil. The price of ghee increased by 108 per cent to Rs356 per kg.
The report added that the price of sugar has increased by 83 per cent in three years and the price of sugar sold at Rs54 per kg exceeded Rs100. The prices of pulses, the FBS said, have increased by 60 to 76 per cent; mash pulse by Rs243, peanuts by Rs162, lentils by Rs180 per kg and gram pulses by 23 per cent to Rs145 per kg.
The price of a 20 kg bag of flour has gone up by 52 per cent to Rs1,196 in three years. The price of flour has gone up by Rs20 per kg.
It further said that the price of chicken remained at Rs252 per kg from October 2018 to October 2021, however, chicken meat is being sold at Rs400 per kg in the markets.
According to official records, the price of beef has gone up by 48 per cent to Rs560 per kg in three years. However, beef is being sold at Rs650 per kg in the markets. The price of mutton has gone up by 43 per cent in three years to Rs1,133 per kg.
In these three years, open milk’s price has risen by 32 per cent to Rs112 per litre, while in Karachi, open milk is being sold at Rs130 per litre.
The price of rice has gone up by an average of 30%, plain double bread has gone up by 44 per cent and a 190-gram packet of tea leaves has gone up by 27 per cent to Rs 248. During this period, the cost of chicken eggs also increased by 47 per cent to Rs170 per dozen.
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