It is much worse than what they are telling us. Inflation rate is measured at 10%-12% at the most. But the prices of food commodities have gone up by anywhere from 50% to 150%. The price of fuel (diesel, LPG.etc) has gone up by more than 100%. For lower middle class and poor population, the impact of inflation is much worse because the commodities which they use have gone up by a level which is much higher than the inflation rate. And in certain countries such as Turkey and Pakistan, the situation is even worse due to the devaluation of the national currency.