November 05, 2024 20:59 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Pakistan: March inflation touches 35.37 percent, highest recorded since July 1965
Image: Pixabay
Pakistan March Inflation

Pakistan: March inflation touches 35.37 percent, highest recorded since July 1965

| @indiablooms | 01 Apr 2023, 03:39 pm

Islamabad: The Pakistan Bureau of Statistics (PBS) released data on Saturday showed that the country's inflation, which is measured by  Consumer Price Index (CPI), has touched an all-time high of 35.37 percent year-on-year (YoY) in March.

This marks the highest CPI increase on record since July 1965, according to the investment firm Arif Habib Corporation, reports Dawn News.

In March 2022, inflation had hit  12.72pc.

According to data released by the PBS, prices in urban and rural areas increased 32.97pc and 38.88pc year-on-year, respectively, read the newspaper.

The short-term rate of inflation measured by the Sensitive Price Indicator (SPI) last week hit a record 46.65pc, while monthly inflation recorded by the CPI reached 31.6pc in Febr­uary — the highest in six decades.

Consumer prices have risen sharply over the past several months, with annual inflation staying above 20pc since June last year.

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.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos