Another increase in sugar, flour prices shocks consumers

Consumers in Pakistan experienced a sharp increase in sugar and flour prices, causing further financial strain, as wholesalers raised the prices due to illegal channels of sugar export and hoarding, leading to fears of additional price pressures, while flour millers fluctuated prices based on the open market wheat rate.

dawn.com

Relevant topic timeline:

8/26/2023

Short-term inflation stays above 25pc

Short-term inflation in Pakistan increased by 25.34% on a year-on-year basis due to a surge in prices of kitchen items, although it decelerated from the previous week's rate of increase.

8/28/2023

India’s surging food prices are a problem not just for India

The Indian government's efforts to control food prices, such as imposing taxes and export bans, may help contain inflation domestically but could lead to higher prices globally, particularly for rice, affecting countries that rely on food imports.

9/1/2023

Consumers punished with more hikes in sugar, pulses rates

Hoarding, smuggling, and rupee depreciation have led to further price increases in sugar, pulses, and ghee/cooking oil in Karachi, causing misery for consumers.

9/10/2023

FAO Report: Food Prices Fall in August but Rice Hits 15-Year High

Global food commodity prices declined by 2.1 percent in August, driven by falling prices of essential food items, excluding rice and sugar, according to the latest report from the Food and Agriculture Organization of the UN (FAO). Dairy products, vegetable oils, meat, and cereals experienced decreases in price indices, while the sugar price index showed moderate growth. The report also highlighted a significant surge in rice prices due to disruptions in the rice trade following India's ban on exporting Indica white rice.

9/16/2023

High Food and Energy Costs Keep Inflation in Pakistan Elevated at 26%

The short-term inflation in Pakistan increased by 26.25% due to a rise in the retail price of vegetables, particularly tomatoes and onions, caused by the closure of the Torkham border with Afghanistan.

9/17/2023

Inflationary Pressures Mount as Pakistan Raises Fuel Prices Again

The unprecedented increase in fuel prices in Pakistan is expected to cause a significant rise in inflation, with the Consumer Price Index projected to reach as high as 30% to 32% in September 2023.

Topics

Posted 8/27/2023, 2:55:30 AM