According to the State Bank of Pakistan (SBP), the Consumer Price Index (CPI) has posted a growth of 9.2%, which is the highest in four months. According to economists, the double-digit increase in prices is due to numerous government policies that have resulted in a price hike of non-perishable food items, electricity and transport groups. The increase in CPI has led to a 43% increase in the prices of vegetables, a 40% increase in cooking oil, a 34% increase in the price of chicken and a 32% rise in electricity prices. The inflation in perishable goods is linked to the increase in prices of petrol and high-speed diesel.
Considering the impoverishing effects on the lower-income demographic, the Prime Minister is working on providing relief to the public in the form of a mega relief package for the masses. The program aims to help 10 million people who will be affected by the recent rise in inflation.
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