In July 2022, inflation reached a new record of 24.9 percent year on year, as electricity costs increased by 86.7 percent, ghee prices increased by 74%, and cooking oil prices increased by 72.5 percent.
According to data released by the Pakistan Bureau of Statistics (PBS) on Monday, the 24.9 percent inflation rate is the largest year-on-year increase since November 2008.
In the previous month of June, Consumer Price Index (CPI) inflation remained at 21.3% and 8.4% in July 2021. On a month-on-month basis, it increased by 4.3% in July 2022 as compared to an increase of 6.3% in the previous month and an increase of 1.3% in July 2021.
According to the PBS, vegetables became 24% more expensive in the month of July when compared to the prices in June.
In a period of one month, Dal Chana became expensive by 13.8%, onion by 13.6%, potatoes by 10.8%, and gram flour by 10%.
In July, wheat prices increased by 9.75%, Dal Mash by 9.3%, and Dal Masoor by 9%.
In one month, tea prices soared by 8.98%, eggs by 8%, and cooking oil by 7.6%.
In the month of July, electricity prices were jacked up by 39.35%. Flour became expensive by 6.3% and ghee by 5%.
In one month, the motor fuel prices increased by 7.35%.
If compared on a year-on-year basis, the motor fuel prices rose by 94.42% in July 2022 as compared to July 2021.
Electricity became 86.7% more expensive this year as compared to the last year. Liquefied gas prices rose by 45.6%, stationery 34.8%, Dal Masoor 92.4%, onion 89.4%, mustard oil 81.95%, ghee 74%, cooking oil 72.5%, chick peas 67.4%, chicken 59%, wheat 45%, Dal Chana 43.2%, vegetable 40.4%, fruit 39.2%, gram flour 37.5%, Dal Mash 35.6% and rice prices increased by 31.2% in July 2022 as compared to July 2021.
