Pakistanis assessed the impact of the country’s inflation rate on savings and household income in a survey conducted by Gallup Pakistan and Dun & Bradstreet, Pro Pakistani reported on March 31.
It is reported that 73% complained about the reduction in the level of savings due to inflation, with more than half (51%) of those surveyed expecting further declines in the next half year. This indicator is 31% worse than that obtained in the surveys for the 4th quarter of 2022. In turn, 38% of those surveyed expect their savings to continue in the next six months. The growth of savings for themselves and their households was predicted by only 5% of citizens (in the previous survey there were 12% of those people).
The researchers calculated that 90% of respondents rated the prices of everyday goods as “expensive” or “very expensive,” while last quarter 36% of respondents held the same view.
It is observed that the general mood of households in relation to income and savings decreased by almost a third in the first quarter, and if inflation rates continue, this trend will continue and grow.
Remember, according to a research by the Pakistan Bureau of Statistics, the annual inflation in the sensitive price index in March amounted to around 50%. The main contribution, according to experts, was the almost doubling of fuel prices against the background of the abolition of state subsidies in the summer of 2022.
Source: Rossa Primavera
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