A year ago when the Pakistan Tehreek-e-Insaf government tenure ended, the annual inflation rate was 13.4%, which skyrocketed within a year. It was the highest pace of inflation since 1964 that edged closer to the record ever inflation rate of 37.8%. The inflation rate remained elevated in rural areas where it was recorded at 40.7% - already crossing the historical barrier of 37.8%. There was a huge increase in the food inflation rate, mostly because of disruption of supply chains and weak checks. The food inflation rose steeply to 52.2% in rural areas and 46.8% in cities last month, the PBS data showed.

Source: The Express Tribune May 03, 2023 10:54 UTC