Inflation is a decrease in the purchasing power of money reflected in a general increase in the prices of goods and services in an economy. In a market prices for goods and services can always change. Furthermore, some costs rise, and some prices fall. Inflation occurs when there is an overall increase. Inflation refers to a broad rise in the prices of goods.
The inflation rate in Pakistan averaged 8.05% from 1957 until 2023 reaching an all-time high of 37.81% in December of 1973 and a record low of -10.32% in February of 1959. The consecutive month when the inflation rate has remained in double digits for consumer prices. Index (CPL) in April 2022 stood at 13.4% on a year. Finally, it is my request to the govt to solve this issue.
By Mahtab Peer Bakhsh
Turbat, Kech
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