The rising prices of ghee and cooking oil in Pakistan are putting immense pressure on households and small traders, according to reports. In November, the cost of cooking oil increased from Rs530 to Rs560, while ghee prices reached Rs550, marking a significant surge of Rs30.
Impact on Small Businesses and Food Vendors
Small traders, particularly those in the food industry, are feeling the pinch. Hotels, restaurants, and food cart owners are finding it increasingly challenging to sustain their businesses due to the rising cost of essential commodities. The double impact of higher expenses and reduced profit margins has left many worried about their survival.
One food vendor expressed concern, stating, “The rising prices are making it impossible to manage our businesses, and customers are also cutting back on spending.”
Inflation Strains Household Budgets
The constant increase in prices of basic commodities, including ghee and cooking oil, is severely affecting household budgets. Families already struggling with inflation are now forced to make further cuts to their expenses.
A consumer lamented, “The government has failed to provide any relief to the masses. With every price hike, our financial burden grows heavier.”
Inflation Trends Highlighted by PBS
According to the Pakistan Bureau of Statistics (PBS), weekly inflation measured through the Sensitive Price Indicator (SPI) saw a 0.28% increase for the week ending October 17. The data reflects the ongoing inflationary pressures that continue to burden citizens.
A Call for Relief Measures
As prices of cooking essentials climb, citizens and small businesses are urging the government to take immediate steps to stabilize prices and provide financial relief. The demand for interventions such as subsidies or price controls is growing louder as the cost of living becomes increasingly unmanageable.
