1. Erodes Purchasing Power. This first effect of inflation is really just a different way of stating what it is. Inflation is a decrease in the purchasing power of currency due to a rise in prices across the economy. Within living memory, the average price of a cup of coffee was a dime. LAHORE: The World Bank on Sunday in its report “South Asia Economic Focus, Jobless Growth” projected inflation to rise in the financial year 2018-19 and remain high till FY20 due to moderate increase in international oil prices and exchange rate pass-through to domestic prices. According to WB, Pakistan’s economy is projected to grow at 5.8 […]

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