Pakistan observes record breaking inflation in 2016: Chief Statistician Asif Bajwa

Pakistan observes record breaking inflation in 2016: Chief Statistician Asif Bajwa | pakistantribe.com

ISLAMABAD – A record breaking inflation has been observed in the daily commodities in Pakistan during 2016, worsening the life of common man, reveals Chief Statistician Asif Bajwa.

According to PakistanTribe correspondent, while addressing a press conference, Asif Bajwa press conference says cost of pulses increased 43 percent within the last 8 months (in 2016), adding in February alone the prices of tomato skyrocketed 30 percent.

The rates of drugs and medicine raised nearly 20 percent in 2016 as compared to that of the last year.

He informs that though oil prices were kept lower internationally last year which also helped in controlling values of different products, saying now if the rates of oil boost up it will have a direct impact on the lives of the common people.

This way the prices of basic commodities of life will increase considerably, he adds.

The statistics shared by the Pakistan Bureau of Statistic (PBS) shows a massive increase has been observed in the fairs and rates of education, transportation and petroleum products.

In February 2017, an average inflation of 0.28 percent occurred in the country as compared to the previous year, while around 3 percent hike in price was noted from July to February 2017.

Other daily life commodities such as chicken rates shot up by 7 percent; Orange rose by 9 percent and soap increased by 8 percent.

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