Inflation of food items in the country increased to 52%

In the month of May, food inflation was recorded at 48.1 percent in cities and 52.4 percent in rural areas, nationally, food items rose by 48.65 percent in a year.

Lahore (Urdu Point Newspaper Latest. 02 June 2023) Inflation of food items in the country increased to 52%, in the month of May, food inflation was recorded at 48.1% in cities and 52.4% in rural areas, one year at the national level. Food items became expensive by 48.65%. According to the details, all the records of inflation have been broken in Pakistan. Regarding the current situation of inflation in the country, the report issued by the Institute of Statistics has given some interesting data.

In the month of May, food inflation was recorded at 48.1% in cities and 52.4% in rural areas. According to the report of the Institute of Statistics, according to the monthly inflation data of May, the inflation rate in the country reached the highest level in 76 years.

According to the data, the inflation rate increased by 1.58 percent on a monthly basis, after which the overall inflation rate reached 38 percent.

The report further states that inflation in cities increased by 1.50 percent and in rural areas by 1.69 percent during one month, while the rate of inflation was recorded at 29.16 percent in 11 months of the current financial year. According to the Institute of Statistics, the inflation rate was 13.8 percent in May 2022, which has increased by almost 200 percent in a year to 38 percent. According to the report of the Bureau of Statistics, inflation in May was almost 4 percent higher than the estimate, everything including education, health, electricity, gas and fuel became more expensive.

The finance ministry had estimated inflation at 34 to 36 percent in May, but the increase in inflation was more than that. According to the data, at the national level, in a year, food and drink became 48.65% and transport fares became 53% more expensive. According to FBS, entertainment facilities became more expensive by 72% compared to last year, while restaurant and hotel charges also increased by 42%. A higher increase was recorded.

According to the Institute of Statistics, compared to last year, education became more expensive by 8 and a half percent, health facilities by 19 percent, and electricity, gas and fuel became more expensive by 20.51 percent than last year, clothes and shoes also became more expensive by 22.47 percent. A monthly comparison of prices has also been presented, according to which last month the price of potato has increased by 17.22%, chicken price by 11.31%, wheat by 6.4%, ready-made clothes by 5.68%, pulses, spices, milk. And the prices of cigarettes also increased.

According to the report of the Institute of Statistics, prices of onions, tomatoes, vegetables and fruits decreased in May. Last month, sugar became cheaper by 2.77%, wheat by 2.29%, newspaper by 32.77%, housing by 23%, and stationery by 5.44%. While last month books became expensive by 5.15% and electricity tariff by 2.92%.