In the fiscal year 2022-23, all inflation records were broken, compared to the last fiscal year of the Tehreek-e-Insaf government, inflation increased by more than 200 percent.
Lahore (Urdu Point Newspaper Latest. 03 July 2023) The first year of the coalition government of 13 parties proved to be the most expensive year in the history of the country. In the financial year 2022-23, all inflation records were broken. In comparison, inflation increased by more than 200 percent. According to the details, the data related to the annual cumulative rate of inflation has been released at the end of the financial year 2022-23.
According to media reports, during the coalition government of 13 parties, the financial year 2022-23 proved to be the most expensive year in the history of the country. It has been reported that the annual rate of inflation was 9.50 percent in the last financial year of the Tehreek-e-Insaf government in 2021, which increased by more than 200 percent to 29.18 percent in the fiscal year ending on June 30 this year.
According to the report of the Institute of Statistics regarding inflation, everything including tea, flour, rice, potatoes, chicken, pulses became expensive throughout the year.
In one year, the price of cigarettes increased by 129%, tea by 113%, wheat flour by 90%, rice by 73%, potatoes by 65% and wheat by more than 62%, chicken by 58% and mung beans by more than 50%. It should be noted here that in May 2023, the 76-year-old record of inflation in the country was also broken, after which Pakistan now came to the list of the most expensive countries in the world. In this regard, according to the report of Dunya News, the World of Statistics released inflation data worldwide, according to these data, Pakistan is also included in the list of the 10 most expensive countries in the world.
According to the data, the rate of inflation in the country has increased alarmingly, with a rate of 38 percent in May, Pakistan was ranked as the sixth most expensive country in the world.
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