Inflation in the country rises sharply, fearing another storm of inflation


Will inflation rise further during Ramadan? Statistics report released. The report of the Federal Department of Finance predicts an increase in the economic growth rate and the achievement of the FBR target.

This indicates that a new storm of inflation may come in the next few months which will also affect consumers in Ramadan, as the inflation rate was 8.3 per cent from July to February, expected to rise to 9.5 per cent in the coming months Has been done.

In the first eight months, total foreign investment declined by 77.7%, with a budget deficit of Rs. 1390 billion from July to January. In the general market, the 22 essential commodities that have risen in price over the past week include flour, eggs, tomatoes, sugar, lentils, rice and chicken, among other food items.

According to the data released by the Federal Bureau of Statistics (FBS) during the week ended March 25, 2012, inflation in the country stood at 15.35 per cent in terms of Sensitive Price Index (SPI) as compared to the same period last year. However, it increased the inflation rate by 0.61% during the last week as compared to the previous week.

According to the statistics, the inflation rate for those earning up to Rs 17,732 per month on an annual basis is 18.77 per cent, for those earning between Rs 17,733 and Rs 22,888 per month, the inflation rate is 16 per cent, Rs 22,889 to 29,000 For those earning up to Rs 517 per month, the inflation rate stood at 14.91 per cent.

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