Inflation rate in Pakistan reached new record level, 34 things including chicken, petrol became more expensive

Pakistan Economy Crisis: Inflation in Pakistan is making a new record every day. It has become difficult for the people here to run the household expenses. The inflation rate in Pakistan has now reached a new high level of 38.4 percent. Pakistan, which is going through the burden of heavy debt, has increased the prices of 34 things during a week, while the prices of only 5 things have come down. There has been no change in the prices of 12 items.

To meet its demand before taking $ 1.1 billion from the International Monetary Fund, the Pakistani government has increased taxes and petroleum prices. Due to this, there has been a rapid increase in the inflation rate here. According to local media The Express Tribune newspaper, the SPI has increased to 38.42 percent on a year-on-year (YoY) basis in the last week.

Increase in the prices of 34 things

In Pakistan, the prices of 34 items have increased during the last week, while only 5 have decreased. The increased prices have hit the people earning a monthly income of Rs 29,518 to Rs 44,175 the most, who have been hit by an inflation rate of 39.65 per cent. The SPI has increased by 2.89 percent during the week. On the other hand, the SPI inflation rate has been recorded at 34.83 percent on an annual basis.

How much increase in the prices of chicken to petrol

Petrol prices have increased by 8.82 per cent, five liters of cooking oil by 8.65 per cent, one kg of ghee by 8.02 per cent, chicken by 7.49 per cent and diesel by 6.49 per cent in the last week. On the other hand, the price of tomato has declined by 14.27 percent during the week. Onion prices have decreased by 13.48 percent. Apart from this, the price of eggs has decreased by 4.24 percent, the price of flour by 0.1 percent and the price of garlic by 2.1 percent.

Plan to raise $ 170 billion

After a meeting with the International Monetary Fund, Pakistan imposed a huge tax on electricity. Pakistan plans to raise Rs 170 billion through taxes and petroleum prices. In such a situation, there has been a record increase in the inflation rate.

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