Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Weekly Inflation Crosses 30% as Food Prices Rise

https://alsadatmarketing.com/feed/

Weekly Inflation Crosses 30% as Food Prices Rise

According to data provided by the Pakistan Bureau of Statistics (PSB) on Friday, weekly inflation resumed its upward trajectory due to an increase in food and petrol costs, breaking the 30 percent threshold on a year-over-year (YoY) basis for the week ending on August 10, 2023.

Read More: The Disturbing State of Falling Remittances By Overseas Pakistani

The year-over-year trend shows an increase of 30.82 percent, which is primarily attributable to rising costs for items like wheat flour (131.81 percent), cigarettes (109.57 percent), gas for the first quarter (108.38 percent), tea by Lipton (95.19 percent), rice basmati broken (84.09 percent), chilli powder (72.94 percent), rice irri-6/9 (72.74 percent), sugar (67.90 percent), chicken (65.87 percent), gur (58), pulse masoor (16.04 percent) and vegetable ghee 1 kg (1.93 percent).

Week-on-week increase

The SPI increased by 0.69 percent from the prior week during the review week. Prices of food items such as chilli powder (3.72%), powdered milk (3.65%), pulse mash (3.13%), garlic (2.39%), sugar (2.30%), chicken (2.27%), salt (1.84%), eggs (1.74%), and electricity for Q1 (1.75%) all saw significant price increases over the course of the week.

Read More: Electricity Prices Rise Despite Unbearable Loadshedding

On the other hand, a drop in price was seen for vegetable ghee 1 kg (1.59%), LPG (0.79%), cooking oil (0.78%), mustard oil (0.48%), and vegetable ghee 2.5 kg (0.10%).

Out of 51 items, 29 (56.87 percent) saw price increases during the week, 05 (0.90%) saw price decreases, and 17 (33.33 percent) saw price increases.

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley,  New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City,  Silver City Islamabad, The Life Residencia,  Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

The post Weekly Inflation Crosses 30% as Food Prices Rise appeared first on Al Sadat Marketing.



This post first appeared on Faisal Town Phase 2, please read the originial post: here

Share the post

Weekly Inflation Crosses 30% as Food Prices Rise

×

Subscribe to Faisal Town Phase 2

Get updates delivered right to your inbox!

Thank you for your subscription

×