Indian Thought Latest News & Views
Islamabad: The economic health of Pakistan is not taking the name of improvement. The condition of Pakistan is in front of the whole world. Meanwhile, another new problem has come to the fore for Pakistan. The people of Pakistan are now facing severe inflation. Inflation has broken all records here. Actually, Pakistan’s Bureau of Statistics (PBS) has released the latest figures. It has been told that the inflation has reached 35.37 percent in March. This is the highest inflation rate so far in March. According to Arif Habib Corporation, the highest inflation has been recorded in March after July 1965. Earlier, the inflation in March 2022 was 12.27 percent.
According to the latest data released, inflation in urban areas has gone up to 32.97 per cent and 38.88 per cent. At the same time, the inflation rate measured by SPI last week has gone up to a record 46.65 percent. While the monthly inflation reached 31.6 per cent in February, which was the highest in 6 decades.
Inflation may increase further
For the last several months, the prices of essential commodities have started increasing continuously in the country. The annual inflation is 20 per cent higher than June last year. The Finance Ministry has said in its monthly outlook released on Friday that inflation may increase further in the coming days. The reason behind this is believed to be the increase in energy and fuel prices and the policies of the central bank.
Not only this, the Finance Ministry of Pakistan has also admitted that despite the policies, inflation is not decreasing as expected. This situation of inflation is also there in the month of Ramzan. People in Pakistan are not able to buy fruits and flour even in the holy month. It has been claimed in a report that lemon is being sold for Rs 800 a kg.
