ISLAMABAD: According to PBS, inflation rate has reached a record high of 24.9 percent in July 2022, compared to 8.4 percent in July 2021.

Inflation in July reached a 14-year high as rate of inflation in country reached 24.9 percent.

Within a month, prices of vegetables have increased by 25 percent. Price of potatoes has increased by 11 percent and onions by 14 percent. In July, prices of pulse increased by 14 percent. Prices of Dal Masoor and Dal Mash were also surged by 10 percent. According to Pakistan Bureau of Statistics (PBS), during this period, prices of edible oil have increased by 8 percent and price of tea spiked by 9 percent.

Meanwhile, price of eggs has also popped by 8 percent, while prices of flour increased by 6 percent and milk by 4 percent. In one month, electricity has increased by 39 percent, price of construction raw materials by 3 percent, price of electrical appliances by 1.5 percent. Price of plastic products has also increased by 1.5 percent.

Published in The Daily National Courier, August, 02 2022

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