Inflation soars by 0.51%, oil, flour, chicken prices rise

Islamabad: The inflation rate continued its upward trajectory for the sixth consecutive month and reached another peak of 0.51% in the last week of February, making it the highest in nearly two years, data from the Pakistan Bureau of Statistics (PBS) showed Saturday.

These figures are given by the Federal Bureau of Statistics in its weekly review report.

According to the Federal Bureau of Statistics, prices of 20 essential commodities including broiler chicken, tomato, mustard oil, ghee, flour, milk, curd, rice and mutton have gone up during the last one week.

The report said that the inflation rate, after an increase of 0.51%, has gone up to 15.90%. 20 essential products rates increased while 11 product prices went down, said the report.

The price for broiler chicken increased by Rs31.97 and settled at Rs253 per kg.

The per kg price for tomatoes increased by Rs4.83, mustard oil increased by Rs11.92 and vegetable ghee’s per 2.5kg price increased by Rs5.38.

Prices of 20kg flour bag, in the last week, also increased by Rs1.21 while other food products included Mutton, milk, yoghurt and rice also saw a spike in prices.

While prices of Garlic, onions, potatoes, jaggery, eggs and pulses decreased in the last week.