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Inflation would be controlled before 2023, says FM Qureshi

MM News Staff by MM News Staff
January 16, 2022
Reading Time: 2 mins read
inflation

MULTAN: Foreign Minister Shah Mehmood Qureshi has said that the government is not indifferent to people and is well aware of their hardships.

Addressing various functions in Multan on Sunday, he said inflation is a temporary phenomenon and government would control it before 2023.

He made it clear that no matter how much the Opposition marches, there will be no in house change or end to the government.

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The Foreign Minister said that the democratic government of PTI will complete its term.

He said that the present government strongly believes in transparency, and is spending national wealth and resources on public development. 

The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 13, for the combined consumption group, witnessed decrease of 0.43 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported Friday.

Read more: Govt raises petroleum prices by Rs3 per litre

The SPI for the week under review in the above-mentioned group was recorded at 167.39 points against 168.12 points registered in the previous week, according to the PBS data.

The food commodities that contributed in decline in weekly inflation included Chicken, the prices of which declined by 3.40%, on Week-on-Week (WoW) basis.

Other food commodities that witnessed decline in prices included potatoes potatoes (1.65%), tomatoes (1.26%), wheat flour (0.61%), garlic (0.47%), sugar (0.17%) and curd (0.16%). Among non-food items, the prices of LPG went down by 1.15% during the week.

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