Food inflation is termed as a persistent rise
in prices of food items that negatively affects the purchasing power of people.
The Consumer Price Index (CPI) and Producer Price Index (PPI) both play an
important role in determining the rate of inflation. Food inflation has a
multi-dimensional effect on everyone.
In developing countries, such as Pakistan, food
inflation creates a big issue as the purchasing power of people is affected by
it. Food price inflation has emerged as the main economic challenge for Pakistan.
It harms growth and reduces the purchasing power of people. Pakistan, being a
developing country, is facing a challenge with rising food prices. The food
inflation crisis is pushing many into poverties.
Moreover, no relief is being provided to the people
by the government. Finally, this problem needs to be addressed as it decreases
the welfare of poor people.
By: Kiyya Khalid Ali
Turbat Kech
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