Over rising of inflation in Pakistan

 




Pakistan had been the third highest inflation in the world at 12.30% in the month of December and has been rising sharply for several months. During the catastrophic period of PTI government, 90% of Pakistanis believe that inflation has been at its highest level. The urban inflation rate rose to 13% in January and the rural inflation rate rose to 12.9% compared to the same month last year. Inflation in urban areas was 5% in January last year while it was 6.6% in rural areas. In rural and urban areas, food inflation rose to 13.3% and 11.8%, respectively, on an annual basis. Non-food inflation was 12.8% in urban areas and 13.9% in rural areas as against 3.7% and 6.1% .

 

Inflation with rising unemployment. As a result, about half of the citizens have no access to daily necessities. Their financial situation is very depressing and some are committing suicide. If the government is to stop the explosive political situation, it must put aside the idea that the market must deliver effective results. When millions of people are starving because of the way the market works, the government must come forward. You must show some empathy for the people you represent. In view of rising food prices and declining family income, the logic of empathy has to be adopted instead of the market. This action must be supported by legislation that recognizes food as a basic human right.

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