No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Inflation rises to 9.2 per cent in October

News Desk by News Desk
November 2, 2021
in Business, National
Reading Time: 1 min read
Inflation

ISLAMABAD: According to the Pakistan Bureau of Statistics (PBS), the current inflation rate has jumped over nine per cent in October, recording the highest in the last four months. The Consumer Price Index (CPI) stood at 9.2 per cent in the last month.

The stats suggest that prices of commodities are increasing at an alarming rate as the inflation in the Wholesale Price Index (WPI) was recorded at 21.2pc due to price hike recorded in textile, metal products, apparel, food, other transport goods, beverages and leather products.

It is also said that the conditions might not change anytime soon. In urban areas, the rate of inflation rose to 9.6 per cent, whereas in the villages and towns, it slightly went down to 8.7 per cent.

According to the PBS, the prices increased at an average of 43 per cent in October alone. Planning Minister Asad Umar and Finance Minister Shaukat Tarin have announced that reforms would be introduced to bring down the prices, taxes, and duties.

News Desk

News Desk

Related Posts

Alibaba.com Joins Forces with TEXPO
Business

Alibaba.com Joins Forces with TEXPO 2023 to Foster Growth of Local E-commerce Textile Businesses

May 26, 2023
Imran Khan revokes party membership of PTI ‘defectors’, orders removal from WhatsApp groups & social media pages
Featured

Imran Khan revokes party membership of PTI ‘defectors’, orders removal from WhatsApp groups & social media pages

May 26, 2023
PTI chairman Imran Khan contacts Supreme Court
Featured

Imran Khan contacts Supreme Court as PTI on verge of facing ban from government

May 26, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Renowned beautician Nabila represents Pakistan at IIFA as Nabila’s will handle make-up and hairstyling of Bollywood stars

Renowned beautician Nabila represents Pakistan at IIFA as Nabila’s will handle make-up and hairstyling of Bollywood stars

by Zain Aijaz
May 26, 2023

Pakistani beauty salon Nabila's will act as the official hairstyling and make-up partner for the main event of the IIFA...

Alibaba.com Joins Forces with TEXPO

Alibaba.com Joins Forces with TEXPO 2023 to Foster Growth of Local E-commerce Textile Businesses

by Press Release
May 26, 2023

Karachi, 26 May 2023: Global business-to-business (B2B) e-commerce platform Alibaba.com today announced that it will participate in the 4th International Textile...

Google Chrome users can now choose colour and background themes in much easier way

New update for Google Chrome; users can now choose colour and background themes in much easier way

by Zain Aijaz
May 26, 2023

A new update for Google Chrome users will allow them to choose the colour and background of Chrome in a...

PTI chairman Imran Khan contacts Supreme Court

Imran Khan contacts Supreme Court as PTI on verge of facing ban from government

by News Desk
May 26, 2023

Chairman Pakistan Tehreek-I-Insaf and former prime minister Imran Khan have contacted the Supreme Court to save his party from dissolution...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version