| Welcome to Global Village Space

Sunday, November 17, 2024

Inflation reaches a record high of 21.3 percent over 13 years

Inflation in Pakistan has reached a record high of 21.3 percent without adjusting for the increase in petrol, electricity and gas prices

Inflation in the country has reached a record high of 21.3 percent over 13 years which is 13.8 percent higher than last year. Inflation has become a huge problem for the citizens which is increasing by every passing day rather than moving towards stability and facilitating the public. Latest increase in fuel price has acted as an oil bomb on the people which resulted in raising voices against current government and their strict measures.

According to ARY News, rise of 19.8 percent in inflation has been seen in urban areas, while in case of rural areas, inflation has been increased by 23.6 percent.

Read more: Weekly inflation touches the sky, hitting a 14 year high

Pakistan Tehreek-I-Insaf (PTI) shared in a tweet that Inflation in the country has reached a record high of 21.3 per cent. Since the advent of this imported government, the country’s economy has been in a state of disarray and the people have been inundated with inflation.

Moreover, it highlighted that this inflation figure is not yet adjusted for the increase in petrol, electricity and gas prices and an even bigger inflation storm is coming soon.

It is worth noting that the Pakistan Muslim League Nawaz-led coalition government raised petrol prices by Rs14.85 per liter on Thursday, the third increase in a month.

Read more: Fuel becomes a luxury!

PTI Chairman Imran Khan has announced a countrywide protest on Sunday against rising inflation and the hike in prices of petroleum products.

In a video message, the former prime minister called on the masses to hold a countrywide protest on Sunday at 9 pm against the “imported regime,” saying that it has made the people’s lives miserable.

Recently, Imran Khan tweeted, “InshaAllah tomorrow will be our historic Islamabad jalsa at Parade Ground against Imported govt’s pol destabilization & crushing our people under the burden of excessive load-shedding in peak of summer & spiraling fuel prices. I will be leading a rally from Pindi to Parade Ground.”