LAHORE MIRROR — The country’s annual inflation swelled to 37.97 per cent year-on-year in May, the statistics bureau said on Thursday.
Previously, the highest ever percentage of year-on-year inflation was recorded in April at [36.4pc].
The month-on-month rise in May was 1.58pc, the bureau said in a press release, adding vegetables, pulses and chicken prices posted the biggest increases.
Inflation is measured on the basis of a basket of products and services called the Consumer Price Index (CPI), in which items are divided into 12 major components with different weights.
A data released by the statistics bureau today shows that surge in annual inflation last month was mainly driven by a rise in the prices of food and non-alcoholic beverages (34.58pc), housing and fuel (23.63pc) and clothing and footwear (8.60pc).
