Economy
World / Countries / MNCs Pakistan's inflation moves up to touch 38 pct in 2023
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.
More Economy
- UN report shows global economy shows signs of growth, but experts believe recovery remains fragile
- Shocking! Pakistanis spend two-thirds of their income on food and power—Remittances are now lifeline
- SoftBank goes all in on OpenAI, takes 11% stake after $22.5 billion infusion
- World’s top 100 weapons makers hit record $679 billion in 2024
- Asia on the move: Why millions are being driven out by job crises and failing services
-1763561110.jpg "Image of the day: November 19, 2025")
