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Whopping increase in prices of tomatoes, potatoes, eggs and rice while wheat prices remain stable

03:05 PM | 4 Apr, 2017
Whopping increase in prices of tomatoes, potatoes, eggs and rice while wheat prices remain stable
ISLAMABAD - As the PML-N government entered the fourth year of its third stint under prime minister Nawaz Sharif, a massive increase in prices of tomatoes, potatoes, eggs, and rice was observed while wheat prices remained fixed.

According to the latest data rolled out by Pakistan Bureau of Statistics, prices of commodities witnessed a mixed trend with price of wheat going down and price of tomatoes going up.

Change in prices from March 2016 to March 2017


If we delve into the details further, we realise that the price of wheat over a period of one year stretching from March 2016 to March 2017 saw a downward trend and it shed by 1.43 percent.

For average quality 'gur' the price went down by 1.62 percent while it went 4 percent down for sugar.

Likewise, wheat flour bag saw a 2.06 percent reduction in price and red chilli powder saw a 2.67 percent cut over a period of one year.

On the other hand, lentils which are utilised by a majority of people in the country also saw a downward drift as PML-N entered into the fourth year of governance.

For washed pulse masoor, the price went down by 10.86 percent while it went a bit further 17.97 percent for moong. The price of mash pulse saw a maximum fall and it decreased by 26.88 percent.

Contrary to the reduction in prices, consumers also had to purchase some essential household items at an extended rate.

For instance, there was a 47.99 percent increase in the price of potatoes, considered an important element of any meal followed by tomatoes that saw a 136.19 percent increase.

And as the country is facing gas crises as well, Liquid Petroleum Gas used as an alternative also went hard on consumers with a 28.23 percent increase per 11 kilogrammes.

A 14.42 percent swell was observed in price of eggs while Basmati broken rice was sold at an enhanced 8.72 percent rate.

Popular cigarette brands observed a 12.29 percent rise in cost while the petrol price soared by 16.28 percent.

The Pakistan Bureau of Statistics also analysed rate of Pakistan's most popular drink tea and its findings revealed that a 20.69 percent hike was detected over a period of one year from March, 2016 to 2017.

The writer is a civil servant.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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