Every month a new record of inflation is being set in the ravaged Pakistan. The prices of essential commodities are continuously increasing in Pakistan, which is going through the biggest economic crisis ever. Because of this, there is an increase in inflation every month in Pakistan. Pakistan’s inflation reached 35.37% in March, the highest since 1965. Shahbaz Sharif’s government is standing in front of the International Monetary Fund (IMF) with a begging bowl but it is not getting loans. Pakistan is already in debt and if it does not get a loan of $ 6.5 billion from the IMF, then inflation may increase further.
60 years record broken
It is being told that the increase in the prices of onion, chicken, eggs, rice, cigarettes and fuel has led to increase in consumer prices. Inflation in Pakistan is such that the record of 60 years has been broken here. According to data released by the Pakistan Bureau of Statistics, the short-term rate of inflation as measured by the Sensitive Price Indicator (SPI) was a record 46.65% last week, while the monthly inflation as measured by the Consumer Price Index stood at 31.6% in February. had reached
According to PBS, prices increased by 32.97% and 38.88% in urban and rural areas. Consumer prices have risen sharply over the past several months, with annual inflation above 20% since June last year.
Banana being sold for Rs 250 a dozen
Apart from this, talking about the prices of tomato, it is getting 120 rupees per kg, while bitter gourd is also being sold in retail for this much rupees. At the same time, the price of taroi has reached Rs 140 per kg. Kachnar, which was sold at Rs 350 a kg till a few days ago, is now being sold at Rs 600 a kg. Not only the prices of vegetables are skyrocketing in the neighboring country, but the prices of fruits are also on fire. Until a few days ago, the cantaloupe which was sold at Rs 70 per kg is now being sold at Rs 250 per kg. Banana, which used to cost Rs 100 a dozen, is now available for Rs 250. Besides this, strawberries, which were sold at Rs 50 per 250 grams, have increased to Rs 150 per 250 grams.
there may be famine
With a battered economy due to low foreign exchange reserves and dealing with the consequences of massive floods, Shehbaz Sharif’s government has failed to meet the basic needs of the people. The Pakistani government has been bearing the brunt of the economic turmoil and at least 20 people have died in crowds at food distribution centers since the start of the month of Ramadan. The country is facing the worst food crisis in its history. Flour is becoming increasingly scarce. Local media reports indicate that flour prices have reached 3,000 Pakistani rupees per packet and that fights over flour are common on the streets of Pakistan. Trucks loaded with wheat and flour are taken to Pakistan under the protection of guards.
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