Pakistan Inflation
Pakistan's inflation skyrockets to touch 38 pct in 2023
Pakistan's inflation rate has skyrocketed to touch a new all-time high of 38 percent in May 2023.
It is the nation that is witnessing the highest inflation in the region.
This remarkable level has not been witnessed in the nation since the commencement of comparable records in 1957. The inflationary surge, which escalated from the previous month’s rate of 36.4 percent, can largely be attributed to an unprecedented increase in food prices, reports The News International.
Inflation in the month of May last year was 13.76 percent.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
