Inflation-hit country prepares for toughest Ramadan 2023

Inflation-hit-country-prepares-for-toughest-ramadan-2023

Ramadan this year is expected to be particularly difficult for citizens all over the nation as a result of hyperinflation, economic slowdown, and decreased incomes that are limiting their purchasing power and putting a cap on their daily expenses, particularly the consumption of edible goods during the holy month.

As the month of blessings approaches, when prices of goods decrease sharply throughout in the world, supply costs in Pakistan rise which leads to inflation, making life miserable for the already impoverished country.

Retailers claimed that they were charged more for fruits and vegetables, while wholesalers used a supply shortage as an alibi.

Due to soaring prices and rising inflation, it became difficult for low- and middle-income groups, particularly during the holy month, to cover culinary expenses.

Start with pakoras, a Ramadan delicacy that is every household favorite and without which the menu appears to be lacking due to rising inflation.

Rise in Commodity Items Prices Due to Inflation

The cost of besan, the primary component of pakoras, has increased to an unheard-of level. In comparison to last year, it is now being sold for between Rs. 250 and Rs. 300 per kilogram.

Pakoras can be purchased in the market already made for Rs. 400 per kilo. Iranian dates are now selling for Rs. 600 a kilo.

Bananas, the primary ingredient in fruit chaat, have seen a significant increase in price. The fruit is currently retailing for Rs. 500 per dozen, up from Rs. 200 per dozen just one month prior.

The cost of chicken flesh, which has already increased multiple times over the past few months, is currently being sold for between Rs. 750 and Rs. 800 per kilo as opposed to its previous price of Rs. 650 per kilo. It is predicted to cross the price of beef.

Due to financial constraints, a number of households prefer to purchase loose flour. Most of them buy the product on a daily basis.

The cost of loose flour, which is currently being offered at Rs. 160 a kilo, makes it extremely difficult for the family breadwinners to provide for their families.

In certain cities, a tandoori naan costs Rs. 30, whereas in others, it costs Rs. 40.

An essential ingredient for cooking, onions are now sold at the retail market for between Rs. 120 and Rs. 200 per kilo, up from Rs. 40 and Rs. 80 during the previous Ramadan.

Compared to last year, when the price of the fine quality cooking oil was Rs. 500 per liter, it is now available for about Rs.

While the cost of yoghurt has increased from Rs. 280 to Rs. 300 per kilogram from Rs. 240 last year, the cost of loose milk has increased to Rs. 210 per liter from Rs. 150.

In comparison to last year, when premium basmati rice cost Rs 250 per kilogram, it now costs Rs 360.

The agony of the people has also increased as a result of the rise in gas and electricity prices.

To read our blog on “With 2.89 percent, weekly inflation hits a 16-week high mark,” click here.

Asad Hassan
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