Price of essential food items such as flour, cooking oil, and ghee have increased despite the government claiming that inflation is on a downward trend.
The price of 5kg flour bag went up by Rs50, leaving consumers with no choice but to buy a 5kg flour bag for Rs630-650 compared to the previous rates of Rs570-600.
Similarly, the price of 10kg flour bag surged by Rs100 causing the average price to settle somewhere between Rs1,200-1,300 compared to the previous 10kg flour bag rate Rs1,100-1,200.
Cooking oil and ghee prices in Pakistan have also risen over the past week mainly to the $200 surge in the global palm oil rates that, at the time of the writing, stand at $1,100 per tonne.
Pakistan Vanaspati Manufacturers Association Chairman Sheikh Umer Rehan said the general public and importers both are bearing the brunt of government’s taxation policy when it comes to the purchase of essential items like ghee, oil, and flour.
