Pakistan's annual inflation reached an all-time high in May, hitting almost 38%. Inflation rose to 37.97% year-on-year last month, showing a persistent uptick in the highest-ever inflation in the country, according to the Statistics Bureau of Pakistan on Thursday. It was 36.4% in April, which at the time was the highest on record. The month-on-month rise in May was 1.58%, the bureau said in a statement, adding that vegetables, pulses and chicken prices posted the biggest increase. The inflation rate in Pakistan averaged 8.18% from 1957 until 2023, with a record low of -10.32% in February 1959. Inflation in the South Asian nation of over 220 million people is the highest in the region.
Source: Anadolu Agency
