Inflation uncontrollably high as Sugar, petroleum products prices sour up.
- News By : Web Desk
- 2023-09-09 07:22:53
ISLAMABAD: The short-term inflation witnessed a year-on-year increase of 26.32 per cent for the week ending on Aug 7 mainly due to a sharp increase in the retail price of sugar across the country and petroleum products, showed the official data released on Friday.
According to the PBS, the highest recorded retail price of sugar, reaching Rs200 per kg, was observed in Quetta and Peshawar, followed by Rs195 in Karachi and Rawalpindi, Rs190 in Islamabad and Rs180 in Faisalabad, Sialkot, Multan, Gujranwala, Hyderabad, Sukkur and Larkana.
The national average price maximum stood at Rs200 per kg.
Sugar became more expensive because of two reasons. A lot of sugar was taken out of the country through smuggling. Also, the PDM government has allowed legal exports of sugar since February.
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