‘All-time excessive’: February inflation soars to 31.6pc – Enterprise
Annual inflation, measured by the Client Value Index (CPI), soared to a report excessive of 31.55 per cent in February, in comparison with 27.6pc within the earlier month, pushed by huge will increase in meals and transport costs.
In response to Arif Habib Company, that is the highest-ever CPI improve primarily based on information obtainable from July 1965.
In February 2022, inflation clocked in at 12.2pc.
In response to information launched by the Pakistan Bureau of Statistics (PBS), inflation in city and rural areas elevated to twenty-eight.82pc and 35.56pc year-on-year respectively.
On a month-on-month foundation, inflation rose 4.32pc.
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