Pakistan breaks 70-year inflation record in three years: report

Inflation in Pakistan has broken a 70-year record in the last three years, with food prices doubling, while the prices of ghee, oil, sugar, flour, and poultry have reached historic levels, reports The News.

According to the Federal Bureau of Statistics (FBS) report, electricity rates have increased by 57 per cent from Rs 4.06 per unit to at least Rs 6.38 per unit, from October 2018 to October 2021.

“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 Rs 2,322. Similarly, the price of petrol had gone up by 49 per cent in three years from Rs 93.80 per litre to Rs138.73 per litre,” says the report.

“The price of edible ghee increased by 108 per cent to Rs 356 per kg.”

“Sugar has increased by 83 per cent in three years and the price of sugar sold at Rs 54 per kg exceeded Rs100,” according to the report.

“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 chicken remained at Rs 252 per kg from October 2018 to October 2021, however, chicken meat is being sold at Rs 400 per kg in the markets.”

“The cost of chicken eggs has also increased by 47 per cent to Rs170 per dozen.”