Living with inflation

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We all know that the prime minister does not have to do the grocery so obviously he cannot be expected to know the prices of daily use items. In that case it is perfectly normal for him to not know that the prices of foods items and other daily use commodities have gone up multiple times.

But finally someone who has his ears has given him this piece of news and he admitted as much to the public while breaking ground for a hospital in Rawalpindi on Friday. While he admitted that inflation has hit people hard he refused to take any responsibility for it. He placed all the blame for the doings of his government at the doors of the previous governments. In this context it gets easier for the reader to understand his ‘governance is easier’ comment. When you do not intend to hold yourself accountable for your actions, anything could get easier.

The PM urging the citizens to “stay strong” in the face of rising inflation promised the country will make it through this time. His reasons: the power and gas sectors have a debt of Rs1, 300 billion. To tackle the situation, he can think of only two ways; either take more loans or raise prices and he has gone for the latter. He said that the people will have to “live in difficulty” until the government “fixes the system” and repays the country’s debts.

Prices of basic commodities have been raised multiple times since the PTI took over. Only last week, price of petrol was increased by Rs9.42.

The month of Ramazan when consumption of daily use items particularly edibles rises has compounded the issue of inflation.

Everybody is worried – businesses as well as a common man. The IMF loan that everyone has been waiting for is finally coming our way but only on more stringent conditions. There are confirmed reports that subsidy worth Rs700billion shall be withdrawn and the gas and electricity tariffs shall go through the roof- if they already haven’t. What is more worrying than the inflation itself is that there is no one to take responsibility for this massive mismanagement.