Inflation & Prices
Pakistan Inflation Rises by Record as IMF Reforms Spur Gains
Shoppers at a supermarket in Lahore on March 30.
Photographer: Betsy Joles/BloombergThis article is for subscribers only.
Pakistan’s inflation quickened by a record on higher taxes and energy prices, suggesting that further interest rate increases may be needed.
Consumer prices rose 35.37% from a year earlier, according to data released by the statistics department Saturday. That compares with a median estimate for a 34.8% gain in a Bloomberg survey and a 31.55% increase in February.