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Tuesday, June 21, 2011

PRICE HIKE IN PAKISTAN, INFLATION IN PAKISTAN, RISING PRICES OF FOOD, PRICE INCREASE, PRICE INCREASE IN FOOD, RISE IN PRICES OF FOOD


Price Hike In Pakistan, INFLATION in Pakistan, rising Prices In Pakistan

There is general price hike in Pakistan but price increase in some sectors is more phenomenal. According to media reports inflation rate in Pakistan has reached to 30 percent. Wheat, sugar, tea, eggs, poultry, dry milk including, important medicines and electricity are among most effected items. 

Price of flour bag has reached to about its maximum which was during last couple of years. Price of one kilogram sugar has reached to Rs. 70 which was Rs. 25 during the year 2008. Cereals and vegetable rates have increased significantly. Price of one kilogram poultry has reached to Rs. 200 which was Rs. 120 during the year 2008. Price of one dozen eggs has reached to Rs. 60 which was Rs. 35 during the year 2008.
Very interestingly prices of all these things go up due to increase in petrol prices. Increase in petrol prices was the primary excuse of general price hike. Now petrol prices have reached to the highest level. Mutton is so expensive that we taste it only on the occasion of EID of animal sacrifice (Eid al-Adha). One can observe extraordinary increase by comparing rates of these items rates with the last year’s prices. 
There is abundance of cheap food, dairy and poultry products in advanced countries. Similarly there are no shortages of electricity and petrol there. Can not we turn Pakistan as prosperous like these advanced countries? Pakistan must follow example of advanced countries by controlling price hike and increasing production.

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