ISLAMABAD — Pakistan’s Annual Inflation Rate Hits Record High of 14.47 Percent
Pakistan’s annual inflation rate has surged to a record 14.47 percent, according to the latest weekly report released by the Pakistan Bureau of Statistics (PBS), painting a grim picture for consumers already struggling with rising living costs.The PBS data revealed that during the past week, prices of 26 essential commodities recorded an increase, while 11…
Pakistan’s annual inflation rate has surged to a record 14.47 percent, according to the latest weekly report released by the Pakistan Bureau of Statistics (PBS), painting a grim picture for consumers already struggling with rising living costs.
The PBS data revealed that during the past week, prices of 26 essential commodities recorded an increase, while 11 items witnessed a decrease and 14 items remained stable in price.
The persistent rise in food prices, energy costs, and utility charges are being cited as the primary drivers behind the sustained inflationary pressure. Economists warn that the record inflation rate is severely eroding the purchasing power of middle and lower-income households across the country.
The data indicates that basic food staples, cooking oil, and daily-use items have been among the most affected categories, putting immense strain on household budgets nationwide.
While government officials maintain that stabilization measures are underway, analysts caution that without structural economic reforms and supply chain improvements, inflationary pressures are unlikely to ease in the near term.
The State Bank of Pakistan and financial authorities are expected to take note of the latest figures ahead of upcoming monetary policy deliberations.
