Inflation rises to 11.7% in Pakistan as prices surge
Shahzad Paracha:
Islamabad:Pakistan’s inflation rate surged to 11.7% in May, marking the second consecutive month of double-digit growth as the country’s upward price trajectory continues unabated.
The latest figures highlight mounting pressure on households as the cost of living rises across nearly all major categories.According to the Statistics Department, inflation levels remained almost identical in urban and rural areas, standing at 11.7% in cities and 11.5% in rural regions.
One of the most significant spikes was recorded in transport fares, which surged by 37% compared to the previous year.Meanwhile, the cost of housing, water, electricity, gas, and fuel rose by 17%, further intensifying financial strain on consumers already struggling with rising expenses.
Meanwhile, the cost of housing, water, electricity, gas, and fuel rose by 17%, further intensifying financial strain on consumers already struggling with rising expenses.
