Bad condition of Pakistan, inflation reached a new peak

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New Delhi: The condition of people in Pakistan is bad due to inflation. Meanwhile, due to the latest inflation figures, people are suffering. In the week ended April 19, the sensitive price index rose by 47.23 percent year-on-year. Which is its all-time high. Eid shopping has also been sluggish due to inflation.

According to the data released by the Pakistan Bureau of Statistics, the sensitive price index has reached an all-time high due to the increase in the price of food items. The Sensitive Price Index is a weekly index that gives important indications about the rate of inflation in a country.

The Sensitive Price Index tracks the prices of 51 essential commodities in 50 major markets of Pakistan. Media reports have said that the prices of 29 items have gone up. While the prices of eight items decreased and the prices of 14 items remained stable.

These figures have come at a time when the inflation rate reached an unprecedented level in March. Inflation reached an unprecedented level in March due to a rise in expenditure related to food, beverages and transport.

The inflation rate based on the Consumer Price Index reached 35.37 percent in March. This is the highest rate of inflation in the country since July 1965 as per available data. Due to this, the business sentiment remained weak even during the important festival of Eid in Pakistan.

The government of Pakistan has been taking measures under the International Monetary Fund program such as hike in fuel and power tariffs, withdrawal of subsidies, market-based exchange rates and imposition of higher taxes. However, its effect is not visible and the people of the country are disturbed.


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