Inflation measurement distorted.
by Zafar Mohammed
Inflation measurement is deceptive due to income disparity. Pakistan faces a dangerous trade deficit. Its upper middle-class benefits from a high proportion of Imports & inflation impact is distorted.
Rural/Urban disparity is another factor. Urban inflation is much higher and impacts the economy.
Current efforts to overvalue PKR to control inflation is destroying its balance of payments & creating an explosive debt burden.
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