Inflation ups by 27.82%, essential commodities out of poor people’s reach

The present government has brought a tsunami of inflation recorded by 27.82% in less than a month after coming into power as the petroleum products prices were hiked thrice and increased rates of essential commodities put the poor people into deep trouble.

The statistical data showed skyrocketing prices of the essential commodities after a comparative analysis of Imran Khan-led PTI’s government and Shehbaz Sharif’s government.

In the name of difficult decisions, Finance Minister Miftah Ismail came to play with the lives of the people, but these difficult decisions are not implemented on the sitting lawmakers in the assemblies and poor segment of the society is facing troubling situation.

All previous records of inflation in Pakistan have been broken by the present government led by Pakistan Muslim League Nawaz (PML-N). The annual rate of inflation reached a record high by 27.82%. This week proved to be the most expensive week in the last 75 years.

According to the Pakistan Bureau of Statistics (PBS), the inflation rate rose to 3.38% in one week while the annual rate of inflation reached 27.82%.

In just two months of Imran Khan’s rule, the price of petrol was Rs150 per litre while the price of diesel was Rs145 per litre.

According to statistics, it has been two months and seven days since Shehbaz Sharif came to power and the price of petrol has gone up to Rs234 and diesel Rs263 per litre.

Rising petrol and diesel prices have directly impacted the rates of all commodities. Two months ago, lentils were available at Rs180 per kg, while two months later, the same variety is available at Rs230 per kg.

Kabul gram was available at Rs320 per kg two months ago, whereas, today it is available at Rs440 per kg. Exactly two months ago, Dal Masoor was available at Rs260 per kg, whereas, today the same dal is available at Rs320 per kg.

Dalda cooking oil was available at Rs540 per kg but today it is available at Rs624 per kg. Mill flour was available at Rs85 per kg two months ago, but today it costs between Rs95 and Rs100. The minimum increase in rice prices has been recorded at Rs100 per kg.

Tea leaf has gone up from Rs1,100 to Rs 1,200 per kg while bread has gone up from Rs130 to Rs160. According to statistics, packet milk was available at Rs170 per litre but now it is available at Rs180 per litre.

Economists said there has been an increase in international petroleum product prices, but that does not mean that the current government is to blame for the situation.

They said that before the ouster of Imran Khan government, the top leaders of the coalition government knew that taking over the government would be tantamount to putting themselves into extremely challenging situation.

They had promised relief, but the real situation is in front of everyone as now the rickshaw drives have started torching their own vehicles.