Inflation goes up by 23% in one week

Source: the News

Date: November 10, 2010

The ratio of inflation in Pakistan has gone up alarmingly during the last one week after the prices of petroleum products were increased by the government and prices of all commodities, particularly kitchen items have gone up by 23 per cent.

 According to a report released by the Federal Statistical Department, the overall inflation ratio on all items particularly eatables was increased by 23 per cent in a week and around 150 per cent during last one year, which is an alarming ratio for common man, as it has disturbed their monthly budgets.

According to a survey conducted by ‘The News’ prices of all items including ‘atta’, ghee/cooking oil and sugar have gone up in the last one week and 1-kg onion is being sold in the market at Rs70 against previous rate of Rs30 per kg, potatoes at Rs40 against Rs25, tomatoes at Rs50 against Rs35, ginger at Rs240 against Rs190, green chilli at Rs160 against Rs80 sugar at Rs125-130 against Rs85 in the open market and Rs65 against Rs55 at the utility store outlets, 5-kilogram branded ghee/cooking oil in the open market at Rs835 against Rs790 and in utility stores at Rs762 against Rs690. 
A 20-kg bag of ‘atta’ is being sold at Rs605 against previous rate of Rs580. Similarly, 1-kilogram beef is being sold at Rs260-280 against Rs160, mutton at Rs380-400 against Rs260. With increase in prices of petroleum products, the prices of clothes, shoes, jackets, sweaters and other things also witnessed an increase. The rates of a cup of tea in hotels also went up to Rs13 against previous rate of Rs10 due to increase in sugar prices. The prices of all kinds of sweets, bread and biscuits also went up by 23 per cent in a week due to rise in sugar price. 

For more details view the link: http://www.thenews.com.pk/10-11-2010/islamabad/14806.htm