Sorath rafique <\/p>\n
Food price inflation has emerged as the main economic challenge for Pakistan. It harms growth and reduces the purchasing power of people. Pakistan, being a developing country, is facing a challenge with rising food prices. This problem needs to be addressed as it decreases the welfare of poor people. The food inflation crisis is pushing many into poverty. Moreover, no relief is being provided to the people by the government.<\/p>\n
Nobody in Pakistan draws attention to problems like structural flaws, ineffective coordination between the federal and provincial governments, weak enforcement of laws prohibiting high market pricing, and unfair business activities like hoarding and disrupted supply chains, etc. In this scenario, the depreciation of the rupee is held responsible for all issues and is not addressed. There are a variety of causes and effects of this record food inflation in Pakistan. Some economists contend that it is due to global consequences and political instability in the country.<\/p>\n
Food inflation is a widespread phenomenon in Pakistan as governments continue to increase prices, making the lives of common people unbearably difficult. The country\u2019s food prices are being driven up mostly by the currency rate and oil prices. Inflation is further boosted by ongoing wheat flour and sugar crises brought on by false shortages, enabling people to sell them at higher prices.<\/p>\n
The increase in inflation has created malnutrition problems and lowered the standards of living, both of which give rise to health-related issues. According to the Global Hunger Index, Pakistan ranked 92nd out of 116 countries which shows a serious level of hunger in the country. Food inflation in Pakistan remains in double digits for the second straight year. It increased to a record of 28.80 per cent in July, according to the Bureau of Statistics. It has eroded the purchasing power of people and with the same income level, they cannot purchase these goods.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sorath rafique Food price inflation has emerged as the main economic challenge for Pakistan. It harms growth and reduces the purchasing power of people. Pakistan, being a developing country, is facing a challenge with rising food prices. This problem needs to be addressed as it decreases the welfare of poor people. The food inflation crisis […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":{"0":"post-328862","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-article"},"yoast_head":"\n