December 23, 2024 09:17 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait
Pakistan Inflation
Image: Pixabay

Pakistan records 10.09 percent inflation rate in May

| @indiablooms | Jun 05, 2021, at 04:50 pm

Islamabad: Pakistan recorded inflation rate of  10.9 per cent in May, as per data released by the Pakistan Bureau of Statistics (PBS).

According to the PBS, the inflation remained in double digits for the third month, though it fell to 5.7 pc in January this year. It is mainly driven by double-digit growth in food inflation in both urban and rural areas, reports Dawn News.

On a month-on-month basis, inflation increased by 0.1 pc mainly suggesting that pressure on prices is still there and no let-up will be seen in the coming month. Food as well as non-food items prices are still on the higher side, the newspaper reported.

The average Consumer Price Index (CPI) in 11 months — between July and May — eased from 10.94pc last year to 8.83pc this year. It was projected that inflation will remain between 7pc to 9pc next year, reported the Pakistani newspaper.

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 Mar 22, 2023, at 08:26 pm