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Pakistan's economy on brink of collapse with May inflation surging to 38 per cent, food prices up 50 per cent

The Pakistan Bureau of Statistics reported that non-perishable food items and transport costs experienced a more than 50 percent surge compared to May of the previous year. Furthermore, the average inflation rate over the past 12 months stood at 29.16 percent., Economy News, Times Now
Shehbaz Sharif Imran Khan Muhammad Safeer International Monetary Fund Pakistan Bureau Of Statistics Pakistan Bureau

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Pakistan inflation rockets to record 37.97%

Pakistan's year-on-year inflation hit a record 37.97 per cent in May, official data revealed Thursday, with the nation on the brink of economic collapse and crucial bailout talks stalled. Non-perishable foods and transport costs climbed more than 50 per cent over May 2022, while average inflation for the past 12 months was 29.16 per cent, the latest Pakistan Bureau of
Mohammad Sohail Muhammad Safeer Imran Khan Shehbaz Sharif Pakistan Bureau Of Statistics International Monetary Fund

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