Inflation surges to 10-month high in Pakistan, putting additional pressure on households already struggling with rising costs. Official data shows that consumer prices climbed sharply in August, marking the steepest increase since October last year.
According to the Pakistan Bureau of Statistics, the Consumer Price Index rose by double digits. Food, fuel, and utility charges were the main drivers behind the surge. Economists warn that this trend could continue if global energy prices remain unstable.
The latest figures confirm that inflation surges to 10-month high after a brief period of decline earlier this year. Many families had hoped for relief when prices slowed down during the summer months. However, recent hikes in electricity tariffs and fuel adjustments have reversed those gains.
Urban centers saw higher food prices, with vegetables, wheat, and sugar showing the biggest jumps. Rural areas were also affected, where transport costs and fuel shortages added to the burden.
Experts believe the government will face tough challenges in stabilizing prices. The International Monetary Fund (IMF) has already urged Pakistan to control subsidies and improve revenue collection. However, these steps often lead to higher costs for consumers in the short term.
Market analysts suggest that inflation surges to 10-month high due to both domestic and global factors. The rising cost of imported oil, combined with currency depreciation, is making essential goods more expensive. Seasonal supply shortages have also played a role.
Ordinary citizens, meanwhile, are feeling the direct impact. Many families report cutting down on non-essential spending, focusing only on food and utilities. Small businesses also warn that reduced purchasing power is hurting their sales.
Policymakers now face growing pressure to act quickly. Without effective steps, experts warn that inflation may climb even further in the coming months.
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