Inflation rate surges to 8.8% in April 2019: Bureau of Statistics

KARACHI (92 News) – The inflation rate surged 8.8% in April 2019۔ Prices of daily-use items have gone up, creating problems for the poor and common man. According to Bureau of Statistics, the annual inflation rate in Pakistan has climbed 1.4%percent in April 2019 as compared to March 2019.Increased prices of gas and other items also caused surge in the inflation.The fares of public transport increased 50 percent and prices of food items are also increased. In order to provide some sort of relief to people, Ramazan Bazaars are being setup during Ramazan, however, the bazaars failed at providing any reprieve from the sky-high inflation. Profiteers again found a way to jack up prices by creating artificial shortage of commodities in local markets to raise prices in Ramazan and the government’s claim of regulating prices of essential commodities seems farcical. Citizens said that daily-use items were being sold at high rates even in Sasta Ramazan Bazars. They said that meat was already beyond the reach of the common man and now the prices of vegetables and fruits have made them inaccessible. They complained that there was no mechanism to nab the profiteers who were selling daily-use items at high rates. Shopkeepers said that the prices of items have gone up in the wholesale market.