Tag: Essential Commodities
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Inflation edges higher as weekly SPI indicates increase in prices
According to the Weekly Sensitive Price Indicator (SPI) released by the Pakistan Bureau of Statistics (PBS), the Combined Group’s SPI increased by 0.04 per cent during the week ending February 22, 2024.
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Price Monitoring Committee responds to alarming spike in food prices
In response to the surge in food prices, the Food and Industries Departments of Punjab, Sindh, and KP have jointly implemented robust monitoring measures, including heavy fines, surprise raids, and the sealing of establishments engaging in price gouging.
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Pakistan imposes minimum export price on onions to tackle soaring local prices
In a move aimed at stabilising local prices, the government announced on Friday the establishment of a minimum export price for onions and shallots at $1,200 per metric ton.
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Minister urges officials to use PBS monitoring app for ensuring price stability across provinces
In a bid to ensure consistent prices across provinces, Muhammad Sami Saeed, the Caretaker Minister for Planning, urged Deputy Commissioners and Assistant Commissioners on Tuesday to rigorously utilize the Decision Support System (DSS) app developed by the Pakistan Bureau of Statistics (PBS) for effective price monitoring.
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Price of 10kg flour bag reaches nearly Rs1,500
The price of ‘chakki’ flour has recently experienced an increase of Rs10 to Rs12 per kilogramme in Hyderabad, the second-largest city in the province of Sindh.
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Utility Stores hike sugar, ghee, and flour prices following subsidy withdrawal
Discover how the Utility Stores Corporation’s decision to raise prices for sugar, ghee, and flour has affected consumers following the removal of subsidies. Gain insights into the implications of this move on household budgets and the broader economic landscape.
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Short-term inflation skyrockets to record 45.64% in Pakistan: What’s causing the surge?
The Pakistan Bureau of Statistics (PBS) has released data revealing that short-term inflation based on the Sensitive Price Index (SPI) rose to a record 45.64 per cent for the combined income group on a year-on-year basis for the week ending March 16. This increase was driven by the consistent rise in the prices of essential…