The 47-year record of inflation in Pakistan has been broken

According to the statistics agency, the annual rate of inflation in the country has risen above 38 percent

The 47-year record of inflation in Pakistan has been broken, according to the Bureau of Statistics, the annual rate of inflation in the country has risen above 38 percent. According to the details, the 47-year record of inflation in Pakistan has been broken. According to the Federal Bureau of Statistics, inflation in Pakistan was 31 percent in the last two months, which was 27 percent in August, while inflation rose to 38.4 percent on an annual basis.

According to the Bureau of Statistics, food prices are increasing by 50 to 70 percent on an annual basis, and the outrage is that this increase is occurring on a monthly basis. More will be added in the coming months. Increases in petrol, electricity and gas prices, and tax hikes at the IMF's demand will fuel further inflation.

On the other hand, the weekly inflation rate in the country also went above the highest level of 43 percent. According to the report of the Federal Bureau of Statistics, an increase of 0.37 percent was recorded in the inflation rate on a weekly basis. Due to which the overall rate of inflation has increased to 43.25 percent in a week. In the inflation report, it was stated that the prices of 15 items increased in a week while the prices of 9 items decreased.

While the prices of 27 essential commodities remained stable in a week. According to the report, the prices of onion increased by 15.21%, chicken by 4.76%, dal mong by 2.90%, gram dal by 2.89%, and sugar by 1.35%. Similarly, the price of dal masoor increased by 0.78 percent, dal mash by 0.54 percent. In the inflation report, it was stated that the price per kg of potato is 8.66%, tomato 1.01%, vegetable ghee 0.61%, cooking oil 0.44%, egg 0.40%, mustard oil 0.24%, jaggery 0.19% and garlic in price per kg. A decrease of 0.15% was recorded.