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Pakistan inflation rockets to record 37.97 percent
Pakistan inflation rockets to record 37.97 percent
Business and Economy
by  AFP

Pakistan's year-on-year inflation hit a record 37.97 percent in May, official data revealed Thursday, with the nation on the brink of economic collapse and crucial bailout talks stalled. Non-perishable foods and transport costs climbed more than 50 percent over May 2022, while average inflation for the past 12 months was 29.16 percent, the latest Pakistan Bureau of Statistics data showed.