Business

Inflation in Pakistan at 48-yr high

2023-02-02
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Islamabad, Feb 2 (SocialNews.XYZ) While mired in a terrible economic crisis, Pakistans inflation created a new record in January and reached the highest level after 1975, mainly due to supply constraints as thousands of containers of food items, raw materials and equipment are stuck at ports after the cash-strapped government curtailed imports due to a shortage of dollars in the country.

Consumer Price Index (CPI) inflation in January 2023 accelerated to 27.55 per cent from 24.47 per cent a month earlier, as the unprecedented surge in food items' pr......

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