Pakistan\u2019s annual inflation rose to 37.97 per cent year-on-year in May, the statistics bureau said on Thursday, showing a continued uptick in the highest ever inflation in the country.<\/p>\n
Previously, the highest ever percentage of year-on-year inflation was recorded in April at [36.4pc].<\/p>\n
The month-on-month rise in May was 1.58pc, the bureau said in a press release, adding vegetables, pulses and chicken prices posted the biggest increases.<\/p>\n
Inflation is measured on the basis of a basket of products and services called the Consumer Price Index (CPI), in which items are divided into 12 major components with different weights.<\/p>\n
According to data released by the statistics bureau today, surge in annual inflation last month was mainly driven by a rise in the prices of food and non-alcoholic beverages (34.58pc), housing and fuel (23.63pc) and clothing and footwear (8.60pc).<\/p>\n
In the food group, items whose prices increased the most in May compared to last year were cigarettes, potatoes, wheat flour, tea, wheat and eggs and rice. In the non-food category, the items whose prices saw the highest increase were text books, stationery, motor fuels, washing soaps, detergents and match boxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pakistan\u2019s annual inflation rose to 37.97 per cent year-on-year in May, the statistics bureau said on Thursday, showing a continued uptick in the highest ever inflation in the country. Previously, the highest ever percentage of year-on-year inflation was recorded in April at [36.4pc]. The month-on-month rise in May was 1.58pc, the bureau said in a […]<\/p>\n","protected":false},"author":2,"featured_media":334764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-334759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n