- The prices of wheat have increased from Rs. 1900 to Rs. 2,000 per maund in the open market.
- The increasing rate electricity, gas, petrol and diesel prices have jacked up production costs.
The Flour Mills Association has announced to hike the price of flour on Saturday in Lahore, the latest increase will add to the burden on public already bearing high inflation.
Flour price was raised from Rs 60 to Rs 64 per kg, informed the Flour Mills Association. The association said that the prices of wheat have increased from Rs. 1900 to Rs. 2,000 per maund in the open market.
The increasing rate electricity, gas, petrol and diesel prices have jacked up production costs, added the association. The association said that they have already warned the government last month that price hike was inevitable.
The IMF wants inflation and poverty in Pakistan, added the association.
The overall Consumer Price Index (CPI) monthly-based inflation grew by 12.6 percent on year-on-year (YoY) basis in December, 2019 compared to same month of last year, Pakistan Bureau of Statistics (PBS) reported on Wednesday.
According to breakup figures, the Urban CPI based inflation increased by 12 percent on year on year basis while on month-on-month basis, it went down by 0.4 percent. On the other hand, the Rural CPI based inflation increased 13.6 percent on YoY basis while it decreased by 0.3 percent on MoM basis.
Meanwhile the Sensitive Price Indicator (SPI) witnessed an increase of 18.1 percent on YoY basis and decrease of 2 percent on MoM basis. Likewise, the Wholesale Price Index on YoY basis increased by 12.4 percent and witnessed decrease of 0.3 percent on MoM basis.