Economy
World / Countries / MNCs Pakistan: August inflation spikes to 27.26pc, highest in 49 years
Just Earth News | @justearthnews | 01 Sep 2022, 09:56 pm Print
Pakistan Inflation Wikipedia Commons
Data released by the Pakistan Bureau of Statistics (PBS) on Thursday showed the country's inflation measured by the Consumer Price Index (CPI) shot up to 27.26 per cent year-on-year (YoY) in August.
In August 2021, CPI inflation had clocked in at 8.4pc, reports Dawn News.
Last month, the YoY inflation was measured at 24.93pc, which was the highest figure in over 14 years.
PBS spokesperson Ateequr Rehman told Dawn News that August’s 27.26pc was the highest figure recorded since 1973-1974.
Inflation in urban and rural areas increased to 26.24pc and 28.70pc year-on-year, respectively, PBS data showed.
More Economy
- Mass layoffs hit US workers: 153,000 jobs disappear in October
- AWS, OpenAI announce $38 billion multi-year strategic partnership to accelerate innovation
- Tech shock in 2025: 218 companies slash 1,00,000 jobs
- Amazon notifies some staff about layoffs before they arrive at office
- Amazon plans massive layoffs: Biggest job cuts since 2022
