Inescapable inflation

Inflation has hit Pakistani households hard, driving up the costs of essentials and squeezing the budgets of ordinary citizens. As the cost of living continues to rise, many struggle to meet their daily needs. One of the main causes of inflation in Pakistan is the high dependency on imported goods, which become more expensive with fluctuations in global markets. Coupled with rising fuel prices, this dependency has led to a surge in transportation costs that directly affect the prices of goods in local markets. These rising costs have widespread social implications, with many families forced to cut back on necessities like healthcare and education.

The ripple effects are visible, as parent’s compromise on their children’s schooling and some individuals forgo essential medical treatments. Inflation erodes purchasing power and lowers the standard of living, especially for those on fixed incomes. To address this crisis, the government must prioritise policies to control inflation, reduce import dependency, and boost local production. Expanding subsidies on essential items and regulating markets more effectively could also help provide immediate relief.

Maheen Khan

Karachi