The Pakistan Muslim League-Nawaz (PML-N) has announced to stage a nationwide protest on Dec 8 against the rising inflation in the country.
PML-N senior leader, Ahsan Iqbal, took to Twitter and expressed that his party has planned to hold a demonstration against the incumbent government. He wrote that the government policies have impoverished the life of poor, adding where has the promise of economical electricity and gas prices gone? “PML-N will protest against the rise in electricity prices and record inflation across the country,” he added.
Consumer inflation picked up at the fastest pace in nearly eight years in November to 12.67 per cent year-on-year on extraordinary high food prices, showing a breach in the central bank’s target range of 11-12 per cent for the first time in the current fiscal year of 2019/20, official data showed on Wednesday.
Data by Pakistan Bureau of Statistics (PBS) showed consumer inflation was recorded at 5.7 per cent in November 2018. Consumer inflation increased by 1.3 per cent month-on-month in November 2019 compared to an increase of 1.8 per cent in the previous month and a decrease of 0.1 per cent in November 2018.
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