However seven commodities prices declined and almost 24 commodities prices declined.
There is a hope to have an announcement from PM Gilani about the price hike matter soon but it’s implementation is a hard nut to crack. From now it seems that people have to get ready to bear the huge storm of inflation this Ramadan like always.
Even on the Sunday bazaars the prices of vegetables and fruits continued their upward spiral before Ramazan. A similar increase has been seen in the prices of kitchen items have also been increasing for the last three weeks and the trend continued.
Consumers complained that such bazaars could only be useful if prices were checked by the administration. “A price increase before the Ramazan is the hallmark of Pakistan,” said customer Umar Latif shopping at the UP Bazaar. He said prices were increasing since the last two weeks with no one to control them. He said, “hoarders are active and the city and provincial administration appear helpless before them again.”
Shopper MubashirAkram could not help but ask the government to set up similar, clean bazaars throughout the city. He also said the government could improve old bazaars rather than creating new bazaars. “I mean it is simple logic to improve what already exists,” said Mubashir.
Atiq Mir, chairman Alliance of Market Association said that there is a big mafia that is active behind this price hike before and during the holy month of Ramazan. He said that people related to different walks of life particularly big investors are involved in this artificial price hike.
“They wait for the whole year and start hoarding before three month of Ramazan to get maximum benefits of this mega buying month where consumption of commodities go unabatedly high”, he claimed.
When there is no check and balance from government in any matter of our life, a normal man also include in this circle of price hike and try to get illegal benefits of this holy month mega buying by increasing rates.
Expressing concerns over law and order situation, he said that upcoming month of Ramazan may not meet traders expectations of high trade as the worsening law and order situation has taken its toll on the commercial activities in the city.