Food prices up by 42% in one year

Society Pakistan & World Affairs
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Out of control hoarding and poor management by the Musharraf government is destroying the lives of the average person in Pakistan.

Where do economic ‘gains’ trickle down? | Prices up by 42% in a year

Flour, LPG prices almost doubled during 2007 | Kitchen items dearer than last year

Bilal Akram

LAHORE: The prices of daily used commodities increased by about 42 per cent during 2007.

However, there were only few items whose prices almost remained stable. Uncontrolled prices of essential kitchen items have broken backbone of the poor.

A study on changes in prices of several daily-use commodities shows that the food inflation in 12 months-Dec 2006 - Dec 2007-on the average is a cracking 48 per cent.

In Dec 2006 the price of 16 kg ghee tin was Rs 1,180 but during Dec-2007 the rates of ghee shot up by 38.98 per cent to Rs 1,640.

Price of one kg loose ghee in retail was Rs 70 to Rs 75 per kg but during this period the rates of ghee shot up to Rs 105.

One year ago the rates of 10 and 20 kg flour bags were Rs 135 and Rs 250 respectively. By registering an increase of 85.18 per cent, and 94.28 per cent respectively, they are now selling at Rs 175 and Rs 340 respectively.

In Dec 2006 the prices of 100 kg sugar sack, ex-factory, was Rs 2,770 and in the whole sale it was Rs 2,830. The bag prices were decreased by 15.89 per cent, ex-factory and 16.94 per cent in the whole sale and now being sold at Rs 2,390 and Rs 2,420 respectively.

Chicken was selling at Rs 100 per kg one year ago and now available at Rs 120 - going up by a whooping 20 per cent.

One year ago the tomato was available at Rs 30 per kg and these days its average rate is Rs 40 per kg showing an increase of 33.33 per cent. Tomato rate is still soaring up.

Potato is yet another regularly consumed item whose price has jumped from Rs 6 per kg in last December-2006 to Rs 10 per kg now- an increase of 66.66 per cent.

Perhaps the most needed kitchen item, onion has not been spared by the wave of dearness as it is now selling at Rs 30 per kg against Rs 20 one year ago - going up by about 50 per cent.

In the previous year the fine quality rice was available at Rs 40 per kg but in the last month of 2007 the rice was available at Rs 70 per kg in different markets of the city, registering an increase of 75 per cent.

One year ago the price of broken rice (tota) per kg was Rs 22 but during the December-2007 the rates of rice shot up by 59.09 per cent to Rs 35.

Milk (packaged) is yet another item whose price jumped by Rs 7 per litter in last December-2006 to Rs 45 per litter now 18.42 an increase of - per cent.

In previous year 2006 the curd was available at Rs 24 per kg but during the December -2007 the rates of curd increased by 66.66 per cent to Rs 40.

In December-2006 the LPG was available at Rs 42 per kg and these days its average rate is Rs 90 per kg showing an increase of 114.28 per cent. LPG rate is still soaring up.

Soaring gold prices in recent times have not dampened the zeal among women to wear jewelry made in this precious metal. The prices of gold at Rs 14,580 per tola in December -2006 but in the 2007 the prices of gold per tola at Rs 19,300, registering an increase of 32.37 per cent

Silver selling at Rs 278 per tola one year ago is now available at Rs 325 - going up by 16.90 per cent.

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Re: Food prices up by 42% in one year

Any data for 2006?

What food?
What food?
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Re: Food prices up by 42% in one year

More desire for democracy...more inflation...lol

What made you feel good today?
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Re: Food prices up by 42% in one year

it trickles down into the pockets of ppl like pervez elahi and altaf bhai

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Re: Food prices up by 42% in one year

Fear not. Zardari is coming to save Pakistan. Just wait another 7 weeks :D

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Re: Food prices up by 42% in one year

Subhanallah, Altaf is now also controlling Pakistan's economy.

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Re: Food prices up by 42% in one year

God bless the unprecedent economic mehengai under the illegit dictator...

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Re: Food prices up by 42% in one year

:hayaa:

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Re: Food prices up by 42% in one year

So where does he get those expensive suits and dont tell me its his money earned when he was a cab driver...

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Re: Food prices up by 42% in one year

You and your upcoming generations will be sorry when Musharaff is gone... :)

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Re: Food prices up by 42% in one year

Another great achievement by the incompetent third rate leader.

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Re: Food prices up by 42% in one year

:jhanda:

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Re: Food prices up by 42% in one year

CNG Gas prices take a hike

By Saad Hasan

KARACHI: The Oil and Gas Regulatory Authority (OGRA) on Tuesday notified revised consumer gas prices and passed on a big chunk of the burden of increased well-head cost of gas to people using compressed natural gas (CNG) as fuel for their cars.

The gas prices, which are notified after the approval of the government, have not been changed for residential consumers. The price of gas sold to CNG stations has been increased by Rs26.49 per million British thermal unit (MMBTU) to Rs291.36 from Rs264.87. This also reflects the intention of the government to restrict the growing popularity of this auto fuel as the increase is more than expected.

The rate for commercial consumers has been increased to Rs283.05 per MMBTU from Rs268.23. Industry, captive power and power plants of WAPDA and KESC will have to pay Rs251.55 per MMBTU instead of previous Rs238.38.

The price of gas used as feedstock by fertiliser makers varies between Rs36.77 and Rs97.11 per MMBTU. However, rates for domestic consumers of both the gas utilities, Sui Southern Gas Company and Sui Northern Gas Pipelines Limited, have been capped.

According to the notification, the gas price will remain unchanged at Rs78.38 per MMBTU for the first domestic slab of 50 cubic metres. The second (50-100 cubic metres) slab rate is fixed at Rs82.07.

The third slab (100-200 cubic metres) rate is constant at Rs149.40, fourth slab (200-300 cubic metres) rate is Rs239.01 and fifth slab of about 300 cubic metres is unchanged at Rs310.92 per MMBTU.

The CNG station owners have planned to meet today (Wednesday) to decide on the new CNG price after the increase in the cost of gas. According to CNG Station Owners Association Chairman Malik Khuda Buksh, CNG rates will increase by about Rs1.55 per kg.

The new rates will push up the cost of the fuel to Rs35 per kg in Karachi and the rest of Sindh. Consumers in Punjab and NWFP will have to pay between Rs35.50 and Rs36 per kg of CNG.

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Re: Food prices up by 42% in one year

^ May god also bless the manhoos dictator for the cng price hike :jhanda:

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Re: Food prices up by 42% in one year

aap kya GS key official najoomi hain?

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Re: Food prices up by 42% in one year

people dont know didely squat about these things but that dont prevent them from yakking and which is why statistics from “the post” are also taken at face value.

food inflation in pak has been around 15%:

http://www.iht.com/articles/2008/01/02/business/pakecon.php

“…Despite central bank hopes of seeing the inflation rate drop from 7.9 percent in 2006, recent forecasts show that it likely would remain near that level. More critically, food prices rose by about 14 percent in 2007, building on double-digit increases for two previous years…”

moreover rise in food prices is a global phenomena:

http://thescotsman.scotsman.com/business/Fears-over-food-price-inflation.3632281.jp

“…She said world food prices, as measured by the UN’s Food and Agricultural Organisation, rose by at least one-third in the first nine months of 2007…”

when making these comparison, it also pays to remember what inflation was like in the 90’s when commodity prices were generally subdued. moreover if the macroeconomy was functioning these days like it was in the 90’s it would have been very easy to overthrow musharraf by bringing people out on the streets. ultimately its the economy which has prevented people from risingagainst musharraf and no amount of crying on the internet is going to change that fact.

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Re: Food prices up by 42% in one year

Lol, the criteria for removal of a gov is the number of people on the streets protesting? If so how many hundreds of thousands were out and about before BB and NS were on the streets.

Also pray tell in which year in the last 30 has there been a succession of shortages ranging from sugar to flour and fuel?

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Re: Food prices up by 42% in one year

You know the price of his suits? Tell me where BB got all of her money to send her children to expensive schools, live in luxury in Dubai and UK, have luxury cars, haqve mutiple homes around the world etc.

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Re: Food prices up by 42% in one year

lol we are talking about Altaf Bhai not BB, plus its altaf bhai’s govt that was in power for the last 5 years in sindh… BB was a feudal landlord, but tell me where does altaf bhai get all the money from, since he was a cab driver in his life before politics… :hehe:

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Re: Food prices up by 42% in one year

No he got robbed while driving cab but supporting the wardi paid off all his debt. :smiley: And here’s how he support :hehe: