Inflation at 50-year high in crisis-hit Pakistan
Pakistan’s year-on-year inflation hit 35.37 percent in March — the highest in nearly five decades — as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
Month-on-month inflation was 3.72 percent, according to government data released Saturday, while the average inflation rate for the past year was 27.26 percent.
Items that have recorded a price high are onions (228.28%), cigarettes (165.88%), wheat flour (120.66%), gas charges for Q1 (108.38%), diesel (102.84%), tea lipton (94.60%), bananas (89.84%), rice basmati broken (81.22%), petrol (81.17%), eggs (79.56%), etc., as per a report published by pkrevenue.
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