Food Prices Still High as Short-Term Inflation Surpasses 23%
Published on: June 15, 2024.
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The Sensitive Price Index (SPI)-based inflation for the week ending on June 13, 2024, has risen by 1.30 percent, according to the Pakistan Bureau of Statistics (PBS).
During this week, out of 51 items, the prices of 19 items (37.26 percent) increased, 08 items (15.68 percent) decreased, and 24 items (47.06 percent) remained stable.
Among the items that experienced price increases during this period are tomatoes (27.14 percent), chicken (11.75 percent), electricity charges for q1 (8.73 percent), pulse gram (7.19 percent), LPG (6.14 percent), eggs (3.70 percent), bananas (3.22 percent), pulse moong (1.07 percent), mutton (0.60 percent), potatoes (0.41 percent), pulse mash (0.32 percent), mustard oil (0.31 percent), pulse masoor (0.27 percent), curd (0.21 percent), and gur (0.14 percent).
On the other hand, the prices of some items decreased during this period, including onions (5 percent), chilies powder national 200 gm packet each (1.95 percent), rice basmati broken (1.65 percent), garlic (1.32 percent), rice irri-6/9 (1.08 percent), bread plain (0.52 percent), wheat flour bag 20 kg (0.05 percent), and sugar (0.02 percent).
The year-on-year trend indicates a 23.03 percent increase, primarily driven by the rise in gas charges for q1 (570 percent), onions (105.91 percent), tomatoes (72.60 percent), chilies powder (54.81 percent), garlic (39.90 percent), salt powder (30.56 percent), shirting (30.52 percent), pulse mash (23.85 percent), beef (23.21 percent), and electricity charges for q1 (21.46 percent). Conversely, significant decreases were observed in the prices of wheat flour (29.65 percent), chicken (19.77 percent), bananas (19.26 percent), vegetable ghee 2.5 kg (14.81 percent), vegetable ghee 1 kg (13.01 percent), and mustard oil (8.77 percent).
Impact of Price Changes
The increase in prices of essential items such as tomatoes, chicken, and electricity charges for q1 can have an impact on household budgets. These price hikes may pose challenges for consumers as they navigate their daily expenses.
Pakistan Rice Exporters
In the field of rice exports, Pakistan has established itself as a prominent player. White broken rice is one of the popular varieties exported by Pakistan. Rice suppliers in Pakistan offer a wide range of options to cater to the global demand.
The rice exporters from Pakistan play a vital role in meeting the international rice requirements. Among the popular rice varieties, irri 6 is one of the most sought-after choices. The 25% broken rice is a significant category in this regard. Pakistan rice suppliers provide high-quality rice that meets the specific needs of customers.
Various Pakistan rice companies and rice mills, particularly those in Karachi, contribute to the rice business in Pakistan. With a diverse range of products, Pakistani rice suppliers are known for their reliability and competitive prices.
Pakistani rice prices and the Basmati rice price list are crucial considerations for customers. Pakistan rice exports, including basmati rice, hold a prominent position in the international market. The export prices of rice from Pakistan are closely watched, as they can have a significant impact on the global rice trade.
For more information on rice exporters, rice suppliers, and Pakistani rice prices, please visit HasRice and Pakistan Rice.
Source: Propakistani
