Inflation at 50-year high in crisis-hit Pakistan

PAKISTAN’S year-on-year inflation hit 35.37% in March – the highest in nearly five decades – as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.   

Month-on-month inflation was 3.72%, according to government data released today, while the average inflation rate for the past year was 27.26%.