Pakistan fried puri prices soar as inflation takes its toll

South China Morning Post published this video item, entitled “Pakistan fried puri prices soar as inflation takes its toll” – below is their description.

Pakistan’s statistics bureau announced on August 1, 2022, that the country’s annual consumer price inflation reached 24.9 per cent in July, the highest in 14 years. What does that mean for one of the country’s most popular fried snacks? In 2021, the relatively cheap and tasty puri snack cost around 20 Pakistani rupees (US$0.09) each. But the price has doubled within a year due to the rising production cost, including wheat flour, electricity and cooking oil.

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The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Pakistan

Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It has a population exceeding 212.2 million, including the world’s second-largest Muslim population. It has an area of 881,913 square kilometres (340,509 square miles).

Pakistan has a 1,046-kilometre (650-mile) coastline along the Arabian Sea and Gulf of Oman in the south and is bordered by India to the east, Afghanistan to the west, Iran to the southwest, and China to the northeast. It is separated narrowly from Tajikistan by Afghanistan’s Wakhan Corridor in the northwest, and also shares a maritime border with Oman.

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