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Saturday November 23, 2024

Hit by inflation, 68pc Pakistanis cut their expenses: survey

23% of respondents stopped going out for dinner because of rising inflation, whereas 14% claimed they stopped going for outing

By Kasim Abbasi
August 14, 2024
Women check rice prices at a main wholesale market in Karachi. — AFP/File
Women check rice prices at a main wholesale market in Karachi. — AFP/File

ISLAMABAD: Amidst challenging and stressful wave of inflation, a total of 68 percent Pakistanis have reduced their expenses, the latest Pulse Consultant’s survey reveals.

In the study by Pulse Consultant, respondents were asked, “What expenses have you reduced due to inflation” The responses were:

23 percent of respondents stopped going out for dinner because of rising inflation, whereas 14pc claimed they stopped going for outing. Two percent reported they have even reduced their spending on fuel.

Four percent of women participants reported they have reduced their spending on personal care, while two percent male reported the same.

Five percent reported they have reduced consumption of meat, milk and fruit in their daily life.

A total of 15pc of total respondents reported they have reduced electricity consumption. On an overall level basis, 21pc of respondents reduced spending on grocery items. Some 33pc of women said the same.

In addition to this, 10pc of women claimed they now avoid going for shopping, whereas seven percent reported they have stopped the purchase of clothes and shoes.

On the other hand, 32pc of the respondents claimed they reduced nothing and were spending the same on daily commodities as before. Later in this month, Pulse Consultant will launch a second round of urban-based syndicated study gauging the impact

of inflation on purchasing and consumption with a sample of 1,800+respondents —both male and female—in 17 major cities of Pakistan.