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