Record Breaking Inflation in Pakistan During PTI Government
October 26, 2021
According to the Daily Times, the inflation rate has increased more than 70 percent during the three-year tenure of the PTI-led government, with food prices doubling and prices of ghee, oil, sugar, flour, and poultry breaking previous records.
According to the Federal Bureau of Statistics (FBS), electricity rates increased by 57 percent from October 2018 to October 2021, from Rs 4.06 per unit to at least Rs 6.38 per unit.
The price of an 11.67 kg cylinder of LPG had risen by 51% from Rs 1,536 to Rs 2,322 in the first quarter of October. Similarly, the price of petrol has increased by 49% in three years, from Rs 93.80 to Rs 138.73 per litre.The most significant increase in food prices occurred in the prices of edible ghee and oil. Ghee’s price has risen by 108 percent to Rs 356 per kilogram.According to the report, the price of sugar has risen by 83 percent in three years, and sugar sold at Rs 54 per kg now costs more than Rs 100. Pulses prices have risen by 60 to 76 percent, according to the FBS, with mash pulses up Rs 243, peanuts up Rs 162, lentils up Rs 180 per kg, and gramme pulses up 23 percent to Rs 145 per kg.
In three years, the price of a 20 kg bag of flour has risen by 52 percent to Rs 1,196. The cost of flour has increased by Rs 20 per kilogram.From October 2018 to October 2021, the price of chicken remained at Rs 252 per kg, but chicken meat was sold at Rs 400 per kg in the markets, according to the report.
In three years, the price of beef has risen by 48 percent to Rs 560 per kg, according to official records. Beef, on the other hand, is sold in markets for Rs 650 per kg. Mutton prices have risen by 43 percent in three years, to Rs 1,133 per kg.In the last three years, the price of open milk has risen by 32% to Rs 112 per litre, while open milk is sold at Rs 130 per litre in Karachi.
The price of rice has gone up by an average of 30%, plain double bread has gone up by 44% and a 190-gram packet of tea leaves has gone up by 27% to Rs 248. During this period, the cost of chicken eggs also increased by 47% to Rs 170 per dozen.