Record Pakistan Inflation Fanned by Price Hikes Set by IMF
- Analysts forecast further price pressures in next few months
- State Bank of Pakistan is seen hiking rates on Thursday
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Pakistan’s inflation accelerated for a third month in February after the nation raised energy prices, increased taxes and let the currency weaken to meet the International Monetary Fund’s loan conditions.
Consumer prices rose 31.55% from a year earlier, according to data released by the statistics department Wednesday. That compares with a median estimate for a 30.9% gain in a Bloomberg survey and a 27.55% jump in January.