Soaring Prices And Stagnant Wages Squeeze Consumers
- Prices of essential commodities rose sharply in 2023, decimating purchasing power of ordinary citizens
- Only significant price reduction was in loose milk due to efforts by city government
- Electricity and gas prices saw massive hikes, making utility bills unaffordable
- Private sector employees hit hard by high inflation and no pay rises
- Rupee devaluation and high transportation costs further strained consumer finances