Pakistan's inflation touches record high figure of 27.6 pct
Islamabad, Feb. 1 -- Pakistan's annual inflation, measured by the Consumer Price Index (CPI), spiked to a decades-high level of 27.55 per cent in January, compared to 24.5pc in the previous month, media reports said on Wednesday.
On a month-on-month basis, inflation remained elevated, jumping 2.9% as nearly 6,000 containers are stranded in ports, including thousands of tons of poultry feed ingredients that pushed chicken prices to a record earlier this year, Geo News reported.
The inflation rate - that has lingered above 20 percent since June after the coalition government curtailed imports - has been aggravating due to the logjam of containers.
The Wholesale Price Index (WPI), which captures prices in the wholesale market, also rose s...
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