Pakistan's inflation moves up to touch 38 pct in 2023

Economy

World / Countries / MNCs

Just Earth News | @justearthnews | 03 Jun 2023, 08:09 am Print

Pakistan Inflation

Wikipedia Commons

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.

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