Pakistan’s January inflation highest in 47 years
ISLAMABAD (MNP) – Pakistan’s annual inflation jumped to a decades-high level of 27.55 per cent in January this year compared to 24.5pc in the previous month, the data released by Arif Habib Limited reveals.
The country has been witnessing massives inflationary trend of prices of food and transport for the last nine months or so.
In a tweet, Arif Habib Limited says the highest Consumer Price Index (CPI) figure has been recorded since May 1975 when it stood at 27.77pc. In January 2022, inflation was recorded at 13pc.
The data released by the Pakistan Bureau of Statistics (PBS) says inflation in urban and rural areas increased to 24.38pc and 32.26pc year-on-year, respectively.
Inflation increased 2.9pc on a monthly basis, PBS data showed.
