The uncontrollable inflation in Pakistan is now severely affecting the daily lives of people, and essential food items, including vegetables and pulses, have become inaccessible to middle-class people.
As inflation is high, the prices of essential items such as cooking oil, pulses, flour, sugar, milk, and chicken have increased, affecting people's budgets badly, ARY News reported on Thursday.
As the purchasing power of the common citizens in Pakistan dwindles, people are now struggling to afford items of daily needs. They are facing the challenges of skyrocketing inflation and severe unemployment.
As Pakistan continues to grapple with economic challenges that, in return, are contributing to inflation in the country, the cost of various essential products, including milk, has also gone up, putting the brunt on the people.
As the purchasing power of a common man in Pakistan nosedives, people are now struggling to manage daily needs as they face the challenge of skyrocketing inflation and severe unemployment.
A small shop owner from Karachi, Abdul Hameed described the increasing rates of the amenities and said that the government is ignoring the needs of the common public.
The unprecedented gas price shock and some essential eatables led to an increase in short-term inflation, measured by the Sensitive Price Index (SPI), of almost 27 per cent on an annual basis in the week ending April 25, according to the Pakistan Bureau of Statistics on Friday.
The high cost of essential goods and services has strained household budgets, leaving many families unable to afford new clothes, gifts, and special Eid treats.
People in Karachi have been facing the problem of powercut, longer outages, and loadshedding with no respite for consumers in sight during the month of Ramzan.
The petrol price is likely to jack up to Pakistani currency (PKR) 289.69 per litre in the next fortnightly review from the current price of PKR 279.75 per litre, as per the estimates of the oil industry.