Good news for Pakistani consumers! The Utility Stores Corporation has reduced prices of essential items, including cooking oil, ghee, and others, by up to 10% across the country. This decision follows a drop in the country’s inflation rate to a single digit, with the core inflation measured by the Consumer Price Index (CPI) reaching a 34-month low of 9.6% in August 2024.
Over 800 items will benefit from the price reduction, with decreases ranging from Rs8 to Rs200. The new prices apply to various products, including:
- Tea
- Detergent
- Noodles
- Ketchup
- Tetra pack milk
- Powdered milk
- Spices
- Pickles
- Soap
- Toothpaste
The Benazir Income Support Program (BISP) subsidy at Utility Stores Corporation has been temporarily suspended, with authorities promising to reinstate it soon under a new procedure.
The management of Utility Stores Corporation has initiated a new strategy aimed at providing excellent services and ensuring the availability of high-quality and affordable goods.
This price drop is a positive sign for Pakistan’s economy, with the CPI inflation rate decreasing from 11.1% in July 2024 to 9.6% in August 2024.
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