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Friday, February 16, 2024

Flour prices breaking the backs of citizens

According to individuals and grocery retailers, the price of wheat flour in Karachi has risen by Rs20-25 per kg in a couple of days, reaching Rs120-125/kg.

According to the Pakistan Bureau of Statistics (PBS), flour prices have reached an all-time high in the country, with a 20-kg wheat bag selling for Rs2400 in Karachi and Quetta. According to PBS statistics, flour is being sold for Rs120/Kg in Quetta, with a spike of Rs480 per 20Kg in the last 15 days, while in Karachi, the price per 20/Kg flour bag has climbed to Rs260 in the last 15 days.

Read more: Flour millers join the marathon!

According to research, the price of a 20kg flour bag is Rs2260 in Hyderabad, whereas a 20kg flour bag is being sold at Rs2100 in Larkana.

According to individuals and grocery retailers, the price of wheat flour in Karachi has risen by Rs20-25 per kg in a couple of days, reaching Rs120-125/kg.

Likewise, a 20Kg flour bag’s price is Rs2,040 in Sukkur and Rs2,200 in Khuzdar. According to PBS statistics, the price of a 20Kg flour bag can reach Rs980 in major Punjab cities, whereas it costs the same in Islamabad.

Despite the fact that there is no impending shortage of wheat or wheat flour, their prices have risen by up to 10% on the prospect of a delay in the sowing of the staple crop in October and the Sindh government doubling the grain support price to Rs4,000 per 40 kg for the next farming season.

According to the bureau, the most expensive markets for grain and flour are in Hyderabad and Karachi. Interestingly, despite being the city of ports that promotes grain importation throughout the country, Karachi remains an expensive market for the main food item.

Drop in weekly inflation by 0.19 percent

The Sensitive Price Indicator (SPI)-based weekly inflation for the week ending September 15 for the combined consumption group fell 0.19 percent from the previous week.

Read more: SPI-based inflation witnesses a decline

According to the most recent Pakistan Bureau of Statistics (PBS) statistics released on Friday, the SPI for the week under review in the aforementioned group was 221.14 points, up from 221.55 points the previous week. The SPI for the combined consumption group increased by 40.58 percent in the week under review as compared to the same week last year.