The World Bank has ringed the warning bell for Pakistan in a report over the food inflation in the country.
According to the WB report, food price hike has badly affected purchasing power of the people in Pakistan. “Children are deprived of needed food the families’ purchasing power has dropped 38 percent in Pakistan owing to hike in food prices,” the World Bank in its Food Security update disclosed.
“The food prices are continuously increasing for last 11 months registering 47 percent hike,” according to the report.
“Last year’s devastating floods have soared prices wheat and other prime commodities, while inflicting losses to livestock in flood affected areas,” WB report stated. “Livestock losses have also deprived the flood-hit people from basic foods of milk and eggs,” WB said.
“In neighbouring Afghanistan six million people facing a situation of severe drought. Every nine of 10 families in Afghanistan have insufficient food,” report added.
