Ramazan expected to push up food prices
LAHORE (92 News) – Ramazan is expected to push up food prices, increasing inflationary pressures across the country in the coming months. The increase in consumer prices in the country has touched annual highs in recent months. Ramadan is a month when food demand goes up, exacerbating the problem. The holy month of Ramazan brings blessings in the lives of common man but during the month of Ramazan prices of goods and edibles are expected to rise which is enough to extinguish the purchasing power of common man. Despite the government efforts to control prices, the cost of food can increase during Ramazan as demand surges for staples such as rice, bread and sugar. The common man especially the manufacturers and suppliers stock the basic food items and intend to create an artificial shortage, ultimately raising the prices of vegetable, fruits, pulses and meat, however, it’s the responsibility of the government to ensure a strong check on prices and intervene where necessary to lower down the unnecessary rise in prices.