Global Rice News

Inflation on the Rise as Essential Goods Prices Increase

The Federal Bureau of Statistics has reported a slight rise in weekly inflation, with prices of essential goods increasing by 0.11 percent. This brings the annual inflation rate to 21.40 percent, impacting households nationwide.

Prices of Essential Items Increase

According to the report, prices of 14 essential items saw an increase last week. Tomatoes saw a price hike of Rs 6.63 per kg, while onions rose by Rs 3.51 per kg. Dal mash experienced a significant price increase of Rs 10.92 per kg. Bananas were up by Rs 2.57 per dozen, and milk, potatoes, and cigarettes also became more expensive.

• Tomatoes: +Rs 6.63 per kg
• Onions: +Rs 3.51 per kg
• Dal mash: +Rs 10.92 per kg
• Bananas: +Rs 2.57 per dozen
• Milk: Increased prices
• Potatoes: Increased prices
• Cigarettes: Increased prices

On the other hand, prices of some items decreased. Eggs dropped by Rs 15.77 per dozen, domestic LPG cylinders became cheaper by Rs 150.69, 20 kg flour bags fell by Rs 34.33, and sugar prices decreased by Rs 0.17 per kg. Chicken, dal mong, dal masoor, and rice also saw slight price reductions, providing some relief to consumers.

• Eggs: -Rs 15.77 per dozen
• LPG cylinders: -Rs 150.69
• 20 kg flour bag: -Rs 34.33
• Sugar: -Rs 0.17 per kg
• Chicken: Reduced prices
• Dal mong: Reduced prices
• Dal masoor: Reduced prices
• Rice: Reduced prices

However, some prices remained stable throughout the week, including mutton, ghee, and cooking oil. This consistency provides some reassurance for consumers.

Annual Price Comparison

When comparing prices to last year, a mixed picture emerges. Onions are now 82 percent more expensive, while red pepper prices have increased by 60 percent. Tomatoes also cost 53 percent more than they did before.

• Onions: +82%
• Red pepper: +60%
• Tomatoes: +53%

Other notable increases include garlic (48 percent), salt (31 percent), dal mash (24 percent), beef (23 percent), and sugar (20 percent). The most significant increase, however, was seen in gas charges, which rose by a staggering 570 percent over the past year.

Conclusion

While inflation has slightly risen, resulting in higher prices for essential goods, there has also been some relief for consumers with reductions in prices for certain items. It is important for consumers to stay informed about these fluctuations to make informed purchasing decisions.

For more information on rice suppliers and exporters from Pakistan, visit hasrice.com and pakistanrice.com.

Source: minutemirror.com.pk