Global Rice News

Title: Rising Inflation Hits Essential Daily Items in Pakistan

Introduction:
Despite promises made in last year’s financial budget to curb inflation, the prices of essential daily items in Pakistan have continued to rise. From vegetables and fruits to pulses and rice, household expenses have become increasingly difficult for people to manage. On top of this, the rising unemployment rate has further exacerbated the situation. This article will explore the current state of inflation in Pakistan and its impact on the prices of essential items.

Impact on Food Prices:
Market data and figures reveal a significant surge in the prices of various food items. For instance, potatoes, which were priced at Rs30 to Rs40 per kg in June 2023, have now reached Rs100 per kg. Similarly, onions have almost doubled in price, from Rs40 per kg to Rs100 to Rs150 per kg. Garlic, ginger, and tomatoes have also witnessed substantial price increases, adding to the burden faced by consumers.

Effect on Dairy Products:
The inflationary trend extends to dairy products as well. Milk, which used to be sold at Rs180 per litre, is now priced at Rs210 per litre. Yoghurt prices have also risen from Rs190 per kg to Rs230 per kg. These escalating costs have an immediate impact on consumers’ budgets and daily expenses.

Meat and Poultry:
The surge in prices is not limited to fruits, vegetables, and dairy products alone. The cost of meat has skyrocketed as well. Mutton, which was priced at Rs16,00 per kg previously, is now Rs23,00 per kg. Beef has seen a similar increase, ranging from Rs900 per kg to Rs1,250 to Rs1,300 per kg. Meanwhile, chicken prices have risen from Rs500 per kg to Rs550 per kg. Even the cost of eggs has not been spared, with prices increasing from Rs250 per dozen to Rs270 per dozen.

Unfulfilled Promises:
The current situation highlights the unfulfilled promises and failed attempts to control inflation, as outlined in the previous year’s budget. Despite the government’s assurance to address this issue, inflation has persisted since July 1, 2023, with no signs of abatement. As a result, the burden on households continues to increase, making it even harder for people to meet their basic needs.

Conclusion:
As prices of essential daily items continue to rise in Pakistan, the financial pressure on households intensifies. The uncontrolled inflation, coupled with rising unemployment, has put a strain on people’s ability to manage their expenses. It is crucial for the government to implement effective measures to curb inflation and ease the financial burden on the citizens.

Source:
Source: https://tribune.com.pk