Inflation strain
PAKISTAN’S return to double-digit inflation after 21 months signals renewed economic strain where external shocks and domestic vulnerabilities converge in ways that disproportionately burden ordinary households. The April CPI inflation’s spike to 11pc is attributable to rising fuel costs, transport fares and volatile food prices on disruptions in energy supplies linked to the Strait of Hormuz blockade. The crisis exposes Pakistan’s heavy dependence on imported fuels which drives geopolitical tensions directly into domestic price instability. The near tripling of the weekly oil import bill to $800m from $300m before the........
