Pakistan is going through a rough time as the country has become Asia’s fastest-rising in the matter of inflation which has surged and has even surpassed Sri Lanka. The country’s Consumer Price Index (CPI) rose by 11.1% in March compared to the same month last year, marking the highest level of inflation since November 2018. The increase in prices of everything including food has put ordinary citizens in a tight spot, with many struggling to afford basic necessities.
The government of Pakistan has tried different things to tackle inflation through importing food and providing subsidies on essential items such as wheat and sugar. However, these measures have not proved to be significantly effective in giving a relief to the situation. Experts cite a weak rupee, rising global commodity prices, and Covid-19-related supply chain disruptions as factors behind the inflation.
Despite the challenges, the government remains committed to tackling inflation. The situation highlights the impact of inflation on the country’s poor, who are the most vulnerable to rising prices. India has played a significant role in supporting Pakistan by providing food and other essential goods.