Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.
The March inflation number eclipsed February's 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year.
A spokesman at the statistics bureau said the inflation number was the highest ever year-on-year increase recorded by the bureau since monthly records began in the 1970s.The consumer price index was up 3.72% in March from the previous month, the bureau said.Annual food inflation in March was at 47.1% and 50.2% for urban and rural areas respectively, the bureau said. Core inflation, which strips out food and energy, stood at 18.6% in urban areas and 23.1% in rural areas.
to secure $1.1 billion funding as part of $6.5 billion bailout agreed in 2019 have not yet yielded fruit.A monthly economic outlook report issued by the finance ministry on Friday projected inflation would remain elevated.
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