ISLAMABAD, Apr 2 (NNN-APP) – Pakistan’s inflation, as measured by the consumer price index (CPI), increased to 35.4 percent in Mar, as compared to the same month a year ago, official statistics showed, yesterday.
In Mar, 2022, inflation was recorded at 12.7 percent, Muhammad Mazhar, an official from the Pakistan Bureau of Statistics (PBS), said.
On a month-on-month basis, the CPI increased 3.7 percent in Mar, as compared to an increase of 4.3 percent in Feb, according to the PBS.
The inflation reading in Mar, marked the highest CPI increase on record since Jul, 1965, in the country.
Experts believe that the ongoing trend of inflation in the country is expected to continue for at least the next two months, before coming down from June onwards due to the high base effect.
The hike in wheat and fruit prices contributed to the rising inflation, said the experts, adding that, high demand for food items during the Muslim holy month of Ramadan also led to the increase in inflation.– NNN-APP
