Eid shopping decline in Pakistan due to high inflation!

April 8, 2024 7:34 am

Pakistan is plagued by economic crisis along with high inflation. Meanwhile, the markets of the country are crowded with shopping around Eid-ul-Fitr. However, buyers are upset by the high price of products. Most of the products are out of affordability, they said.

The overall situation of Pakistan is in turmoil due to political and economic instability. Especially the common people are suffering from the increased pressure of inflation. The product which used to be available for 300 rupees a few years ago, now has to be bought for 800 to 900 rupees. The inflation rate of the country was 20.68 percent in the last March.

Various sectors of the country are constantly struggling in the face of economic crisis, which at the end of the day has made the common people miserable. Going to the market, the condition of the buyer is navigable.

Meanwhile, at the end of Ramadan, the holy Eid-ul-Fitr is just a few days later. Markets and shops have gathered around the festival. However, this year’s festival has been partially offset by the country’s high inflation. Which has an impact on the buyers.

Buyers say the market has gone beyond affordability. The product which I bought earlier for 300 rupees, now I have to buy it for 800 to 900 rupees. That means the price has doubled to triple.

Shoppers flock to shopping malls with their families to buy clothes, shoes and jewellery, usually during the last week of Ramadan in Pakistan. Choose the product of your choice considering the affordability and capability.

However, market shopkeepers in different cities of the country say that the prices of various products have doubled compared to the same period last year. It has reduced sales a lot.

The sellers said that the price of each product has increased by more than four to five times compared to last year. As a result it has gone out of people’s purchasing power. Where earlier customers used to buy four products, now they buy only one. And those who have children, they are shopping only for children.

Pakistan is facing huge challenges in controlling inflation. The country’s inflation rate rose to a record 38 percent in May last year.