Rising Inflation in Pakistan
“Inflation is a way to take people’s wealth from them without having to openly raise taxes. Inflation is the most universal tax of all“
Inflation, as measured by the Consumer Price Index (CPI), rose to a nearly two-and-a-half-year-high at 13.76 per cent in May, on the back of increasing transport and food prices, according to data shared by the Pakistan Bureau of Statistics (PBS) on Wednesday. Inflation, or a general increase in prices, causes you to lose your purchasing power over time.
Four Major Effects of Inflation On Personal Finance:
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Erodes Purchasing Power
Encourages Spending and Investing
Causes More Inflation
Raises the Cost of Borrowing
Invest – What You Have- Pakistani Warren Buffet
Hitman arrived – Prime Minister for a Country Urgently Required