The people of Pakistan who are struggling with financial hardships have kept the economy frustrated. With the sharp rise in food and fuel prices in May, the annual consumer inflation in May rose to 9.11 percent from 8.82 percent a month ago.
According to the latest statistics from Pakistan Bureau of Statistics, the average inflation rate in May was 7.19 percent. In May-19, the wholesale price index rose by 1.43 percent and the sensitive price index jumped 0.78 percent. According to the Bureau, fuel and food products were mainly contributed to increase inflation. Onion prices increased 77.52 percent, watermelon 55.73 percent, tomato 46.11 percent, lemon 43.46 percent and sugar became 26.53 percent more expensive during the period. Garlic 49.99, Moong 33.65, Common 28. 99 and Mutton Prices increased by 12.04% The prices of other food items also increased.
The price of gas in the fuel increased by 23.86 percent in the price of 23.63 percent higher speed diesel by 85.31 percent. Bus fare increased by 51.16 percent, electricity 8.48 percent and house rent by 6.15 percent.