Islamabad [Pakistan]September 3 (ANI): The Pakistan Bureau of Statistics (PBS) on Friday said inflation as measured by the Sensitive Price Index (SPI) rose sharply in the previous week to a record 45.5 per cent year-on-year in September. the highest level in a decade.
PBS stated that the inflation rate based on the SPI increased to 1.31 percent during the previous week compared to last week due to the increase in vegetable prices as the country is facing the brunt of catastrophic floods that have affected more than 33 million lives. informed of the news of Geo.
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It was also the third week in a row that the inflation rate rose steadily, largely due to supply chain disruption amid floods that have sent prices of essential goods soaring.
The latest data shows average prices of 31 staples, onions, tomatoes, eggs and other items rose during the week of departure. Prices of three items, including vegetable ghee, have come down. Meanwhile, rates of 17 essential goods remained unchanged, Geo News reported.
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The report said the increase was seen in prices of food items including onions 42.17%, tomatoes 13.25%, moong powder (washed) 7.94%, potatoes 6.97%, eggs 3.84%, chicken 3.25%, wheat. flour 1.49 percent.
Non-food items that saw a price increase included LPG by 4.45 percent, diesel by 1.19 percent and petrol by 0.88 percent.
The combined index of income groups rose from 219.97 points during the week ending September 1 to 222.85 points during the week under review.
The SPI for the lowest income group increased by 1.63 percent from the previous week. The group index stood at 229.15 points against 225.48 points in the previous week, Geo News reported.
Pakistan is grappling with a worse economic crisis, and rising prices of vegetables and food items in the country facing devastating floods has put enormous pressure on the masses as they are deprived of basic necessities. amid disruption to agricultural production and supply chains.
The entire country is facing a shortage of vegetables and prices have skyrocketed.
More than a third of Pakistan is underwater amid its worst floods on record, according to satellite images from the European Space Agency (ESA).
As deadly floods threaten to create secondary disasters, food is in short supply after water covered millions of hectares of crops and wiped out hundreds of thousands of livestock.
More than 1,100 people have died in floods since mid-June, nearly 400 of them children, while millions have been displaced, according to Pakistan’s National Disaster Management Authority (NDMA).
Pakistan’s Prime Minister Shehbaz Sharif said the floods were “the worst in the country’s history” and estimated that the calamity had caused more than $10 billion in damage to infrastructure, homes and farms.
More than 33 million people have been affected, or about 15 percent of the population, according to Pakistan’s climate change minister, Sherry Rehman. More than 1 million homes have been damaged or destroyed, while at least 5,000 kilometers of roads have been damaged, according to the NDMA.
The floods have affected 2 million acres of farmland and killed more than 794,000 livestock across Pakistan, according to a situation report from the UN Office for the Coordination of Humanitarian Affairs.
More than 800 health facilities have been damaged in the country, of which 180 are completely damaged, and millions of people are without access to health care and medical treatment, as reported in many affected districts, according to the WHO.
Pakistan’s monsoon season usually brings heavy downpours, but this year has been the wettest since records began in 1961, according to the Pakistan Meteorological Department. (ANI)
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