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Pakistan Household Inflation Tops 45% as Country Facing Catastrophic Climate Change

Out of 51 items only prices of 3 items declined during the week

admin-augaf by admin-augaf
September 2, 2022
in Business, Finance
Reading Time: 1 min read
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Pakistan Household Inflation Tops 45% as Country Facing Catastrophic Climate Change
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Islamabad September 2 2022: Pakistan Household inflation, measured by the SPI, for the current week ended on 01st September, 2022 recorded an increase of 1.31% to reach 45.5% year on year as country facing catastrophic climate change.

According to official data, the number of affected districts now stands at 110, including 34 in Balochistan, 33 in Khyber Pakhtunkhwa, 16 in Sindh and the rest in Punjab, Gilgit-Baltistan and Azad Kashmir. The floods have killed at least 1,191 people, including 399 children, with 21 deaths reported in the last 24 hours.

The government on Thursday said “monster” monsoon floods had washed away 45pc of the country’s cropland, mainly in Sindh and caused $10bn in damages.

Increase is observed in the prices of food items, Onions (42.17%), Tomatoes (13.25%), Pulse Moong (7.94%), Potatoes (6.97%), Eggs (3.84%), Chicken (3.25%), Pulse Gram (2.89%), Wheat Flour (1.49%), Pulse Mash (1.26%) and Bread (1.22%), non-food items, LPG (4.45%), Diesel (1.19%) and Petrol (0.88%).

On the other hand, a decrease observed in the prices of Vegetable Ghee 1Kg (0.76%), Vegetable Ghee 2.5Kg (0.41%) and Pulse Masoor (0.34%).

During the week, out of 51 items, prices of 31 (60.79%) items increased, 03 (05.88%) items decreased and 17 (33.33%) items remained stable.

The year on year trend depicts an increase of 45.50%, Onions (240.15%), Tomatoes (219.99%), Diesel (114.08%), Petrol (98.73%), Pulse Masoor (82.44%), Cooking Oil 5 litre (70.60%), Mustard Oil (67.50%), Washing Soap (64.81%), Vegetable Ghee 2.5 Kg (63.70%), Electricity for Q1 (63.01%), Vegetable Ghee 1 Kg (61.16%), Pulse Gram (58.54%), Pulse Mash (49.36%) and LPG (45.23%), while a decrease observed in the prices of Chillies Powder (43.42%), Sugar (18.20%) and Gur (1.75%).

Tags: Inflation
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