The Pakistan Bureau of Statistics reported a surge in annual short-term inflation, reaching 43.16 percent in the week ending on December 14.
Pulses, rice, and vegetables primarily fueled this increase, marking the fifth consecutive week with inflation above 41 percent. The rise is attributed to higher gas prices and electricity tariffs compared to the previous year, significantly impacting consumer purchasing power and highlighting financial strain on households.
On an annual basis, notable increases were observed in gas charges for Q1 (1108.59%), cigarettes (93.22%), chillies powder (81.74%), wheat flour (81.40%), garlic (71.17%), rice basmati broken (64.30%), rice IRRI-6/9 (60.64%), gents sponge chappal (58.05%), gents sandal (53.37%), sugar (50.52%), gur (50.42%), and pulse mash (44.80%). In contrast, prices of onions decreased by 25.11% year-on-year, along with reductions in mustard oil (4.40%), vegetable ghee 1kg (2.12%), bananas (1.05%), and vegetable ghee 2.5kg (0.95%).
The short-term inflation is measured by the Sensitive Price Index (SPI), which stood at 311.58 compared to 311.78 in the preceding week. The SPI, comprising 51 items collected from 50 markets in 17 cities, is computed weekly to assess the prices of essential commodities and services at shorter intervals.
According to PBS data, 19 items experienced price increases, 10 items saw decreases, and prices of 22 items remained stable compared to the previous week. Notable increases included sugar (6.02%), pulse gram (2.57%), eggs (2.33%), rice IRRI-6/9 (1.54%), pulse moong (1.23%), georgette (1.16%), onion (1.05%), cooked beef (0.76%), pulse masoor (0.69%), shirting (0.43%), long cloth (0.20%), and LPG (0.16%).
Conversely, items witnessing price drops included potatoes (12.18%), tomatoes (5.18%), tea Lipton (2.57%), chicken (1.19%), rice basmati broken (0.52%), mustard oil (0.36%), garlic (0.33%), and vegetable ghee 2.5kg (0.31%).
On an annual basis, SPI inflation had reached a record 48.35% in early May, decelerating to as low as 24.4% in late August before surpassing 40% during the week ending on November 16.
Your writing is perfect and complete.I really like you r content about this
Your writing is perfect and complete.I really like you r content about this
In the latest weekly report, short-term inflation has surged to 43%, signaling a significant economic challenge. Traders in Dubai, considering the impact, may explore strategies in Forex Trading in Dubai to navigate these volatile market conditions and capitalize on potential opportunities.
Traders in Dubai, considering the impact, may explore strategies in Forex Trading in Dubai to navigate these volatile market conditions and capitalize on potential opportunities.
Assalam o Alaikum I contribute to you. My site are freshly developed. My website traffic are very low I do all possible effort to generate traffic I am very thamkful If you make backlink of my site on your page.
Startup failures in Pakistan can often be attributed to a variety of factors, with the role of founders playing a significant part in many cases. While the entrepreneurial spirit is strong in Pakistan, founders may face challenges such as lack of proper planning, limited access to funding, insufficient market research, and sometimes, a reluctance to adapt to changing market conditions.
In Pakistan, many startup failures stem from various factors, often influenced by the actions and decisions of the founders. Despite a vibrant entrepreneurial culture, founders encounter hurdles such as inadequate planning, difficulty securing funding, insufficient market analysis, and at times, a resistance to adjusting to shifting market dynamics. These challenges can contribute to the setbacks experienced by startups in the country.