Pakistan inflation soars to 47%, Onions up 228% and wheat up 120% | Full list1 min read 26 Mar 2023, 02:04 PM IST
Pakistan is struggling with a significant shortage of foreign exchange to sustain its balance of payments due to the ongoing economic crisis and IMF loan delay.
Crisis-hit Pakistan recorded a new high in inflation based on sensitive price indicator (SPI) as it went to around 47% year on year (YoY) the week ended March 22, 2023, according to Pakistan Bureau of Statistics (PBS) data. This came following a continued hike in prices of essential commodities.
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