Soaring inflation hits Pakistanis hard during Ramadan
1 year, 8 months ago

Soaring inflation hits Pakistanis hard during Ramadan

Live Mint  

Soaring food inflation has hit Pakistanis hard this year, especially during Ramadan - the festival of prayer as the lavish food preparations have been overshadowed in the country due to rising prices of essential items. Local media reported that the people of the country boycotted purchasing expensive fruit from Friday to Sunday last week expressing anger and displaying that the public has the will to take a stand against consumer exploitation. People of Pakistan are showing their resentment by way of boycott which has brought to the fore the need for the Pakistani government to implement the official price list of products without any delay and set up a complaint camp or a consumer court where a magistrate can decide on the matters related to consumer exploitation, sub-standard consumer items. The all-time high price of wheat flour pushed weekly inflation in Pakistan up 1.80 percent week-on-week and 46.65 percent year-on-year during the seven-day period that ended on March 23, pointing to even tougher times ahead in the country, Geo News reported.

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History of this topic

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Pakistan grapples with sky-high inflation; Wheat flour costs 800 Pak rupees, Chapati worth 25 Pak rupees
7 months, 3 weeks ago

Pakistan grapples with sky-high inflation; Wheat flour costs 800 Pak rupees, Chapati worth 25 Pak rupees

Hindustan Times  

Inflation is steeply rising in Pakistan, causing citizens to struggle to afford essential items to provide basic meals for their families, news agency ANI reported. Additionally, a single roti now costs 25 PKR, leading the public to lament that the “government is ignoring their needs.” Pakistan inflation: The price of a kilo of flour now stands at 800 Pakistani rupees, …

'Prices change faster than the dates': Pakistanis dismayed by soaring prices ahead of Ramadan I VIDEO
8 months, 2 weeks ago

'Prices change faster than the dates': Pakistanis dismayed by soaring prices ahead of Ramadan I VIDEO

India TV News  

Lahore: With the holy month of Ramadan coming to an end this week, shopping malls and traditional markets across Pakistan are bustling with customers ahead of the Muslim festival Eid al Fitr. The last week of Ramadan normally sees a shopping frenzy with families thronging to markets soon after "iftar" in search of new clothes, jewellery and shoes that are …

Ramadan: Pak staring at an expensive Ramzan as fruit, vegetable prices surge
9 months, 2 weeks ago

Ramadan: Pak staring at an expensive Ramzan as fruit, vegetable prices surge

Live Mint  

People in Pakistan are bracing themselves for a hike in essential commodities, including food items as the holy month of Ramadan starts, ANI reported on Sunday citing an Express Tribune report The report said the people of the neighbouring country are already facing a two to three-fold increase in the prices of essential kitchen items like vegetables, sugar, edible oil, …

Pakistan's inflation at 31.4%: Cylinder costs PKR 3,079, 3-inch sandwich on menu
1 year, 2 months ago

Pakistan's inflation at 31.4%: Cylinder costs PKR 3,079, 3-inch sandwich on menu

Hindustan Times  

Pakistan's inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau data showed amid high fuel and energy prices in the country which has embarked on a path to economic recovery under a caretaker government after a $3 billion loan programme approved by the International Monetary Fund in July. Pakistan's ministry of finance said in its …

Pakistani traders strike countrywide against high inflation and utility bills
1 year, 3 months ago

Pakistani traders strike countrywide against high inflation and utility bills

Associated Press  

ISLAMABAD — Pakistani traders on Saturday went on strike against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar, which has led to widespread discontent among the public. If they don’t consider our problems, we will devise further strategies, said Fahad Ahmed, a trader in Karachi, adding, “If you …

Pakistan’s Shopkeepers Observe Nationwide Strike over Inflation, Soaring Electricity Bills
1 year, 3 months ago

Pakistan’s Shopkeepers Observe Nationwide Strike over Inflation, Soaring Electricity Bills

News 18  

Thousands of Pakistan traders shuttered their shops on Saturday, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections. “Everyone is participating because the situation has become unbearable now,” Lahore’s Township Traders Union president Ajmal Hashmi told AFP. “Some relief must be given so people can put food on the table.” Traders wield immense power in …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

High food prices may be the new normal
1 year, 4 months ago

High food prices may be the new normal

Hindustan Times  

A vegetable price shock has sent India’s benchmark inflation rate to a 15-month high of 7.4% in July. The jump in headline inflation came despite a moderation in core inflation, which measures the non-food non-fuel part of the Consumer Price Index basket. In the textbook world of inflation targeting, high inflation is taken as a sign of an overheating economy, …

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data
1 year, 5 months ago

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data

The Hindu  

The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. The food price inflation was broad-based with 10 of the 12 sub-groups witnessing year-on-year increases: cereals registered 12.7% price gains, eggs logged 7%, dairy experienced 8.56% …

Nationwide surge in food prices shows retail inflation far from tamed
1 year, 5 months ago

Nationwide surge in food prices shows retail inflation far from tamed

The Hindu  

A sharp increase in the retail prices of several crucial food items over the past one month — from the essential vegetables of tomato, onion and potato to the basic cereals of rice and wheat, tur dal, the commonest protein source in vegetarian households, and even loose tea — has left households and small eatery operators scrambling to juggle their …

Pakistan’s inflation Asia’s fastest, outpaces Sri Lanka
1 year, 7 months ago

Pakistan’s inflation Asia’s fastest, outpaces Sri Lanka

Hindustan Times  

Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April. The data shows Pakistan’s inflation outpaced price gains in Sri Lanka that eased to 35.3% in April and is starting to show signs of recovery from an economic crisis. Pakistan’s inflation …

Pakistan inflation at record 36.4% in April, highest since 1964
1 year, 7 months ago

Pakistan inflation at record 36.4% in April, highest since 1964

Live Mint  

Inflation in Pakistan surged to a record level in April on higher food prices, weaker currency and rising energy costs. Consumer prices rose to 36.4% in April from a year earlier, the highest since 1964, the statistics bureau said on Tuesday. The bureau said Pakistan's rural areas recorded food inflation of 40.2%. Pakistan’s finance ministry said headline inflation was expected …

Runaway prices, scarce donations: Pakistan continues to struggle with severe economic crisis
1 year, 8 months ago

Runaway prices, scarce donations: Pakistan continues to struggle with severe economic crisis

India Today  

As Pakistan grapples through one of the worst economic crises in its history, the recent crowd crush incidents involving people waiting for food donations at distribution centres only adds to the quandary that the neighbouring nation is going through. Five aid groups that Reuters spoke to said that the economic turmoil compounded with desperation among the people will become worse …

Pakistan inflation rises by record as IMF reforms spur gains
1 year, 8 months ago

Pakistan inflation rises by record as IMF reforms spur gains

Live Mint  

Pakistan’s inflation quickened by a record on higher taxes and energy prices, suggesting that further interest rate increases may be needed. “This was broadly expected with the persisting higher food prices, and a tax on tobacco has been implemented,” said Amreen Soorani, head of research at JS Global Capital in Karachi. “Consumer prices will go up for a couple of …

Pakistan posts highest-ever annual inflation; stampedes for food kill 16
1 year, 8 months ago

Pakistan posts highest-ever annual inflation; stampedes for food kill 16

The Hindu  

Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid. The March inflation number eclipsed February's 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year. A spokesman at the statistics …

Pakistan records highest inflation rate in past 53 years; crosses 36 pc mark
1 year, 8 months ago

Pakistan records highest inflation rate in past 53 years; crosses 36 pc mark

India TV News  

Pakistan inflation: Amid the gloomy economy, Pakistan on Saturday registered a record jump in the inflation rate, with the tally reaching nearly 36 per cent. The data released on April 1 marked the highest Consumer Price Index increase on record since July 1965, according to the investment firm Arif Habib Corporation. The short-term rate of inflation measured by the Sensitive …

Food prices soar in Ramzaan as Pakistan reels under economic crisis
1 year, 8 months ago

Food prices soar in Ramzaan as Pakistan reels under economic crisis

Live Mint  

As per a vendor's statement, there has been a significant increase in the prices of chicken and rice in Pakistan. The cost of chicken has surged to PKR 350 per kilogram, while the cost of rice has gone up by PKR 70 per kilogram, reaching PKR 335 per kilogram. Bananas are now priced at PKR 300 per dozen, pomegranates at …

Pak inflation skyrockets to 47%, essential prices soar: Report
1 year, 8 months ago

Pak inflation skyrockets to 47%, essential prices soar: Report

Hindustan Times  

Pakistan's economic crisis continues to worsen with each passing day. According to the Pakistan Bureau of Statistics, the inflation based on sensitive price indicator has been recorded at 47 per cent year on year at the week which ended on March 22. The price of onions in Pakistan have increased by 228.28 per cent, cigarettes by 165.88 per cent, wheat …

How will rising prices hurt Ramadan celebrations?
1 year, 9 months ago

How will rising prices hurt Ramadan celebrations?

Al Jazeera  

Cheaper meat and leftovers for iftar. Once food inflation crosses 15 percent, “that’s going to significantly impact other expenses including shelter, sanitation and transportation”, said Greb. Sajid Amin, a senior official at the Sustainable Development Policy Institute, a research institute in Islamabad, said the continuing “political chaos” in the country was also hurting the government’s ability to respond to the …

Pakistan’s Poor Resort to Suicide amid Food Crisis, Rising Inflation
1 year, 9 months ago

Pakistan’s Poor Resort to Suicide amid Food Crisis, Rising Inflation

News 18  

Price rise and rising inflation is forcing Pakistanis from lower strata of the society to end their lives. According to local media reports, the government is unable to tackle issues like food security because it is busy tackling severe debt crises and high fiscal and current account deficits. The reports also point out that successive governments have compounded the food …

Economic crisis forcing many Pakistanis to end their lives
1 year, 9 months ago

Economic crisis forcing many Pakistanis to end their lives

Live Mint  

A resident of Surjani town in crisis-hit Pakistan, the sole earner of the family who was living in a rented house with his 35-year-old wife and two infant daughters, was struggling with inflation and unemployment. Police informed that the man along with three family members attempted suicide by consuming a poisonous substance allegedly due to increasing inflation. Last month, a …

How skyrocketing inflation has hit Pakistan’s most vulnerable
1 year, 9 months ago

How skyrocketing inflation has hit Pakistan’s most vulnerable

Al Jazeera  

With Ramadan approaching, millions of Pakistanis are struggling to put food on the table amid one of country’s worst economic crises. “I am under debt of 200,000 rupees due to her treatment but I must do what I can as a mother to save her.” Much like Bibi, Ghulam Murtaza Abbasi also had to make difficult calls as Pakistan faces …

Nothing is cheap, nothing: Pakistan's inflation at 58-year high, a record
1 year, 9 months ago

Nothing is cheap, nothing: Pakistan's inflation at 58-year high, a record

Hindustan Times  

Monthly inflation jumped to 31.6% in February year-on-year, Pakistan Bureau of Statistics said. In February, prices rose at the fastest pace ever in Pakistan's history, data showed which comes as food and transport costs drove up inflation to a point where analysts fear "families will have to make choices and sacrifices," Pakistan's Dawn reported. In February, prices rose 4.3 per …

Pakistan’s CPI soars to highest rate in nearly 50 years
1 year, 9 months ago

Pakistan’s CPI soars to highest rate in nearly 50 years

Al Jazeera  

Soaring food, beverage and transport costs push consumer price index to 31.5 percent in February, highest rate since 1974. Pakistan’s consumer price index jumped 31.5 percent in February year-on-year, the statistics bureau says, the highest annual rate in nearly 50 years, as food, beverage and transportation prices surged more than 45 percent. February’s rate is the highest since 1974 when …

Can’t afford food, people turn to God in bankrupt Pakistan
1 year, 9 months ago

Can’t afford food, people turn to God in bankrupt Pakistan

Firstpost  

Islamabad: “We are solely reliant on God,” this is what every second person in Pakistan has been saying now as weekly inflation in the country surges past 40 per cent. “We are solely reliant on God, we cannot make ends meet in this inflation,” said Imam Ali, who lost almost all of his livestock and crops in 2020 Pakistan floods. …

Pakistan inflation soars to 40%: Onion up 370% & Diesel up 108%
1 year, 9 months ago

Pakistan inflation soars to 40%: Onion up 370% & Diesel up 108%

Live Mint  

Crisis-hit Pakistan recorded a new high in inflation as it went to 41.54% on a year-on-year basis for the week ended on February 23, following a continued hike in prices of essential commodities. The price of petrol has been moved up to ₹272 per litre after an increase of ₹22.20, to appease the International Monetary Fund for unlocking the critical …

Disconcerting dilation: The Hindu Editorial on January 2023 retail inflation hike
1 year, 10 months ago

Disconcerting dilation: The Hindu Editorial on January 2023 retail inflation hike

The Hindu  

Just five days after Reserve Bank of India Governor Shaktikanta Das asserted that inflation ‘has shown signs of moderation and the worst is behind us’, Monday’s release of Consumer Price Index estimates for January revealed a disconcerting reversal in price gains trend. With a 12.4% weight in the rural consumption basket, cereal prices fuelled January’s overall rural headline inflation at …

Pakistan economic crisis: Tax hikes may surge inflation, check food prices here
1 year, 10 months ago

Pakistan economic crisis: Tax hikes may surge inflation, check food prices here

Live Mint  

Pakistan has been struggling with a huge economic crisis after its forex reserve has fallen down. This comes after the International Monetary Fund delayed the release of a crucial $1.1 billion portion of a 2019 deal worth $6 billion, on hold since December over Pakistan's failure to meet the terms. Ehtisham-ul-Haq, a veteran economist said, “The imposition of more taxes …

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil
1 year, 10 months ago

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil

India Today  

Amid economic turmoil in the country, traders in Pakistan have warned of a likely shortage of essential commodities. Prices were up 2.9 per cent in January from the previous month, Reuters quoted the Pakistan Bureau of Statistics 's statement. Urban core inflation rose 15.4 per cent year-on-year, and 1.4 per cent from December, while rural core inflation rose 19.4 per …

Pakistan inflation rises to 48-year-high of 27.55%: Report
1 year, 10 months ago

Pakistan inflation rises to 48-year-high of 27.55%: Report

Hindustan Times  

Pakistan’s inflation quickened to the fastest in almost 48 years in January as thousands of containers of food items, raw materials and equipment are stuck in ports after the cash-strapped government curtailed imports. The latest reading comes a week after the State Bank of Pakistan increased its benchmark rate to the highest in more than 24 years to help stabilize …

Pakistan registers record inflation, struggles with high prices
1 year, 11 months ago

Pakistan registers record inflation, struggles with high prices

Firstpost  

Islamabad: The annual inflation of Pakistan measured by the Consumer Price Index was recorded at an unusually high level of 24.5 per cent in December 2022. According to data shared by the Pakistan Bureau of Statistics, inflation in Pakistan rose 0.5 per cent on a month-on-month basis during December 2022, compared to a 0.76 per cent increase in November last …

Pakistan's energy conservation plan amid crisis: Close markets in evenings
1 year, 11 months ago

Pakistan's energy conservation plan amid crisis: Close markets in evenings

Hindustan Times  

Pakistan ordered all malls and markets to close by 8:30 pm as it initiated measures under its new energy conservation plan, the country's defence minister said as per news agency Reuters. Pakistan's Consumer Price Index - the inflation monitor- rose to 24.5 per cent in December from 12.3 per cent in the same period last year, the Pakistan Bureau of …

Interim relief: The Hindu Editorial on retail inflation’s fall to a 11-month low in 2022
2 years ago

Interim relief: The Hindu Editorial on retail inflation’s fall to a 11-month low in 2022

The Hindu  

After a seemingly interminable 10-month streak of Indian consumers facing runaway price rise of over 6%, retail inflation appeared to have relented a bit in November to 5.88%. Since April 2022, when retail prices surged at a near-eight year high rate of 7.8%, five of the first eight months of 2022-23 year registered 7%-plus inflation. Vegetable prices may remain benign …

Pakistan inflation hits 47-year high before full impact of flood
2 years, 3 months ago

Pakistan inflation hits 47-year high before full impact of flood

Hindustan Times  

Pakistan’s inflation accelerated for a sixth straight month to hit a fresh record in August, with the deadly floods risk jolting prices further. The inflation print comes as Pakistan faces a looming food crisis after the catastrophic flooding. The inflation print comes as the nation faces a looming food crisis after the catastrophic flooding in the latter part of August …

Pakistan PM unveils country’s ‘biggest ever’ welfare programme
3 years, 1 month ago

Pakistan PM unveils country’s ‘biggest ever’ welfare programme

Al Jazeera  

Islamabad, Pakistan – Pakistani Prime Minister Imran Khan unveiled a $709m package of food subsidies to ease the financial burden on low-income households as the prices of essentials continue to soar in the South Asian country. Addressing the nation on Wednesday evening, Khan described the benefits package as “Pakistan’s biggest ever welfare programme”. Pakistani households have been dealing with spiralling …

Policymakers in a quandary as inflation looks far from ebbing
4 years ago

Policymakers in a quandary as inflation looks far from ebbing

Live Mint  

Rekha Jadhav, 52, a vegetable vendor in Navi Mumbai’s Kharghar, used to make ₹7,000 a day till last December. With demand strengthening and some households having greater visibility on their income outlook, inflation expectations are expected to remain high,” said Aditi Nayar, principal economist, ICRA Ltd. India’s retail inflation based on the Consumer Price Index hit a nearly six-and-a-half-year high …

Elevated Food Inflation Temporary Affair, Prices to Be Back to Normal Soon: Economic Affairs Secy Tarun Bajaj
4 years, 1 month ago

Elevated Food Inflation Temporary Affair, Prices to Be Back to Normal Soon: Economic Affairs Secy Tarun Bajaj

News 18  

New Delhi: Terming elevated food prices a temporary phenomenon, Economic Affairs Secretary Tarun Bajaj on Tuesday said it should be back to normal soon on the back of arrival of new crops and government measures for improving supply of essential commodities. Pushed by rising prices of essential kitchen items, retail inflation rose to an eight-month high of 7.34 per cent …

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