Pakistan Economy Crisis: Food shortage in Pakistan, inflation rate crosses 40 percent for the first time in 5 months
Islamabad, Agency. Pakistan Economy Crisis: Every day a new record of inflation is being created in poor Pakistan. At present, the prices of essential commodities are also increasing in Pakistan, which is facing financial crisis. Let us tell you that the inflation rate in Pakistan increased to 41.54 percent, which was at a high level of 38.42 percent last week.
Vegetables and petrol became more expensive
Consumer prices in Pakistan have increased in the past week due to onion, chicken, eggs, rice, cigarettes and fuel. Explain that for the first time in five months, weekly inflation has crossed 40 percent.
According to the Pakistan Bureau of Statistics (PBS), the rate of inflation eased week-on-week, but it still remained high due to costlier bananas, chicken, sugar, cooking oil, gas and cigarettes. Short-term inflation as measured by the Sensitive Price Indicator (SPI) rose to 41.54 per cent on a year-on-year basis for the week ended February 23, from 38.42 per cent in the previous week.
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