Basic items such as rice, potato, eggs, onion, LPG cylinders, and petrol have skyrocketed suddenly in the northeastern state of Manipur. Several daily commodities are being sold well above the government-set prices because of the ethnic violence in Manipur over the past three weeks.

Basic items such as rice, potato, eggs, onion, LPG cylinders, and petrol have skyrocketed suddenly in the northeastern state of Manipur. Several daily commodities are being sold well above the government-set prices because of the ethnic violence in Manipur over the past three weeks. The sharp rise in rates of essential items has been affected due to Manipur's dependence on imports. The products are being sold at double the usual prices, creating a problem for the citizens. Manglembi Chanam, a government school teacher in Imphal West district, told PTI, "Earlier, one 50 kg bag of superfine rice costs ₹900 but now it has gone up to ₹1,800." The price of potatoes and onions has also increased by ₹20 to ₹30. She added, "In general, prices for all the essential commodities brought from outside have gone up." Petrol prices in many parts of Imphal West district are ₹170 per litre. According to Chanam, the rates of LPG cylinders in the black market have surged up to ₹1800. "Prices of eggs have increased as well, with one crate containing 30 eggs costing ₹300 instead of the usual ₹180. Were it not for the security forces escorting trucks carrying essential commodities, the price rise would have been more. Even potatoes had reached ₹100 per kilo before security forces came into the scene," Chanam said. Areas which have not been affected by the violence have also seen a significant rise in the prices of essential items. Let's dive deeper into the reasons behind the ethnic violence in Manipur leading to the rise in prices of essential commodities. Why are the prices of LPG cylinders, petrol and other items skyrocketing in Manipur? The decade-long intercommunal tensions over land between the Meiteis and Pangals have once again become a cause of disruption in Manipur. Amid the clashes, roadblocks interrupted the movement of trucks towards the Imphal Valley. The clashes resulted after a Tribal Solidarity March organised in protest against the Meitei community's demand for Scheduled Tribe (ST) status. According to a consumer affairs department official, it is prohibited to sell products at higher than the government-set prices. The state has issued a list of revised wholesale and retail prices of around 18 food items days after the violence erupted. Furthermore, a defence official stated that the security forces remain committed to restoring complete normalcy in the state. (With inputs from agencies) WATCH WION LIVE HERE

LPG at ₹1800, petrol at ₹170: Know why the prices of essential commodities have surged suddenly in Manipur

Inflation rose to 12.7 per cent year-on-year, the highest level in nine years mainly driven by an increase in prices of food items, the Pakistan Bureau of Statistics (PBS) said in a report.

<a href="https://www.wionews.com/pakistan">Inflation</a>, measured by the Consumer Price Index (CPI), edged up by 1.3 per cent over the previous month after the PBS revised its calculation methodology by setting the new base year 2015-16 instead of the previous 2007-08 financial year, Dawn reported.

In a statement, the Finance Ministry claimed that inflation would come down from the next month, however, without divulging further details on how they figured this out.

The data released on Wednesday showed that higher prices of food items have been the largest driver in overall inflation in November.

It has also been observed that the prices of essential food items are higher in rural areas than in urban areas, the report said.

Food inflation in urban areas rose by 16.6 per cent in November on a yearly basis and 2.4 per cent on a monthly basis and that in rural areas by 19.3 per cent and 3.4 per cent, respectively.

Similarly, non-food inflation in urban centres was recorded at 9.6 per cent year-on-year, while it was 9 per cent in rural areas.

The rise in non-food inflation is mainly driven by an increase in oil prices over the past few months and a combined impact of the depreciation of the exchange rate.

Economist Ashfaque Hasan Khan, however, believes that inflation is likely to be "more than 13 per cent in December, and the expected increase in inflation numbers would be based on a hike in energy prices, currency devaluation and high-interest rates."

"Higher prices of imported items and raw materials due to the currency devaluation are being passed on to consumers. Companies are also passing on the higher costs of working capital amid increased interest rates to the consumers," Khan was quoted as saying by Geo News.

The central bank kept its benchmark interest rate unchanged at 13.25 per cent in November, as expected, to prevent food inflation, nearing the top of its target range, from further spreading.

State Bank of Pakistan Governor Reza Baqir was recently quoted as saying that rising inflation "has partly been the result of the need to restore competitiveness in the exchange rate, increased administered prices to reduce fiscal deficits in the public sector, and unforeseen food supply disruptions."

Inflation rose to 12.7 per cent year-on-year, the highest level in nine years mainly driven by an increase in prices of food items, the Pakistan Bureau of Statistics (PBS) said in a report.

Inflation rose to 12.7 per cent year-on-year, the highest level in nine years mainly driven by an increase in prices of food items, the Pakistan Bureau of Statistics (PBS) said in a report. Inflation, measured by the Consumer Price Index (CPI), edged up by 1.3 per cent over the previous month after the PBS revised its calculation methodology by setting the new base year 2015-16 instead of the previous 2007-08 financial year, Dawn reported. In a statement, the Finance Ministry claimed that inflation would come down from the next month, however, without divulging further details on how they figured this out. The data released on Wednesday showed that higher prices of food items have been the largest driver in overall inflation in November. It has also been observed that the prices of essential food items are higher in rural areas than in urban areas, the report said. Food inflation in urban areas rose by 16.6 per cent in November on a yearly basis and 2.4 per cent on a monthly basis and that in rural areas by 19.3 per cent and 3.4 per cent, respectively. Similarly, non-food inflation in urban centres was recorded at 9.6 per cent year-on-year, while it was 9 per cent in rural areas. The rise in non-food inflation is mainly driven by an increase in oil prices over the past few months and a combined impact of the depreciation of the exchange rate. Economist Ashfaque Hasan Khan, however, believes that inflation is likely to be "more than 13 per cent in December, and the expected increase in inflation numbers would be based on a hike in energy prices, currency devaluation and high-interest rates." "Higher prices of imported items and raw materials due to the currency devaluation are being passed on to consumers. Companies are also passing on the higher costs of working capital amid increased interest rates to the consumers," Khan was quoted as saying by Geo News. The central bank kept its benchmark interest rate unchanged at 13.25 per cent in November, as expected, to prevent food inflation, nearing the top of its target range, from further spreading. State Bank of Pakistan Governor Reza Baqir was recently quoted as saying that rising inflation "has partly been the result of the need to restore competitiveness in the exchange rate, increased administered prices to reduce fiscal deficits in the public sector, and unforeseen food supply disruptions."

Consumer inflation hits 9-year-high in Pakistan

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LPG at ₹1800, petrol at ₹170: Know why the prices of essential commodities have surged suddenly in Manipur

Consumer inflation hits 9-year-high in Pakistan