Inflation & Prices
Pakistan’s Inflation Outpaces Sri Lanka as Asia’s Fastest
- Price gains may stay elevated amid rising food, energy costs
- Local currency has declined 20% to the dollar this year
A customer purchases vegetables from a stall in Lahore, Pakistan.
Photographer: Betsy Joles/BloombergThis article is for subscribers only.
Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April.
Consumer prices rose 36.4% in April from a year earlier, the highest since 1964, according to data released by the statistics department Tuesday. That compares with a median estimate for a 37.2% gain in a Bloomberg survey and a 35.4% increase in March.