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Pakistan: August inflation spikes to 27.26pc, highest in 49 years

Just Earth News | @justearthnews | 01 Sep 2022

Pakistan: August inflation spikes to 27.26pc, highest in 49 years

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Data released by the Pakistan Bureau of Statistics (PBS) on Thursday showed the country's  inflation measured by the Consumer Price Index (CPI) shot up to 27.26 per cent year-on-year (YoY) in August.

In August 2021, CPI inflation had clocked in at 8.4pc, reports Dawn News.

Last month, the YoY inflation was measured at 24.93pc, which was the highest figure in over 14 years.

PBS spokesperson Ateequr Rehman told Dawn News that August’s 27.26pc was the highest figure recorded since 1973-1974.

Inflation in urban and rural areas increased to 26.24pc and 28.70pc year-on-year, respectively, PBS data showed.