Pakistan Inflation
Pakistan: Inflation hits two-year high at 13.4pc in April
Islamabad: Pakistan, a country facing a high economic crisis, witnessed the inflation rate to climb up and touch 13.4 percent in April, a two-year high from 12.7 percent in the previous month on the back of a persistent increase in prices of perishable and non-perishable products, media reports said on Tuesday.
The inflation — measured by the Consumer Price Index (CPI) — is steadily on the rise since March undermining earlier gains. The increase in CPI could have been much higher had the previous government not frozen oil prices at the current level since March, reports The Dawn.
All the three indicators—CPI, Sensitive Price Index (SPI) and Wholesale Price Index (WPI) measuring inflation saw an unprecedented spike in April, the newspaper reported.
Average inflation measured by the SPI increased to 14.2 percent in April from 13 percent a month earlier, while the WPI surged to 28.1 percent during the month under review from 23.8 percent.
The excessive increase in WPI indicates an increase in the prices of non-perishable products in the coming months, reports The Dawn.
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