Posted on 04/03/2023 7:13:49 AM PDT by dynachrome
Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.
The March inflation number eclipsed February's 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year.
Thousands of people have gathered at flour distribution centres set up across the country, some as part of a government-backed programme to ease the impact of inflation.
At least 16 people, including five women and three children, have been killed in stampedes at such centres in recent days, police and officials have said. Thousands of bags of flour have also been looted from trucks and distribution points, according to official records.
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The biggest sh*t hole in the world.
Coming soon to a North American failing state...
I’ve always said that if you want to instigate misery, unrest, civil war in some poor benighted country, the first thing you do is call the IMF. I’m serious. (See, for example Syria. Periodic crackdowns by the IMF on Ukraine for such things as heating subsidies caused protests there from time to time. I could make a very long list.)
https://www.aljazeera.com/economy/2023/3/2/pakistani-rupee-hits-record-low-amid-wait-for-imf-fund
The BRICS formed their own alternative to the IMF in 2014, the NDB (New Development Bank), but it’s well, still in development. For now the IMF is your Daddy, Pakistan.
We’ve all seen some food items in the US fly right past 35% to double and triple inflation.
Yeah, but i didn’t see any politician around to stampede over.
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