According to The News International, Consumer Price Index (CPI) inflation in January 2023 accelerated to 27.55 per cent from 24.47 per cent a month earlier, as the unprecedented surge in food items' prices in the month jacked up the general inflation.
Weekly inflation, measured by Sensitive Price Index (SPI), has seen an rise of 31.83 per cent for the combined income group on a year-on-year basis, ending January 19, due to a massive increase in prices of food and non-food items, the Dawn reported citing data released by the Pakistan Burea
Rauf Ibrahim, the chairman of Karachi Wholesalers Grocers Association (KWGA) said traders on Thursday, held a protest outside the State Bank's head office against the non-clearance of over 6,000 containers of pulses at the port for the past two months.
Following a record increase in price, it is now harder for low-income groups to buy a bag of flour in Pakistan and people are looking to the government for help, according to The News International newspaper.
The Pakistan Bureau of Statistics (PBS) in its weekly report on the movement in prices of 51 essential items, collected from 50 markets in 17 major cities around the country said that the year-on-year (YOY) shows a rise of 30.60 percent.
The measures taken in view of the financial emergency include that all government vehicles used by officers (entitled) should not be given over 120 litres of fuel per month. Employees travelling out of town, city or village on official work should be given two DAs according to their grade an