Pakistan's Consumer Price Index Soars to New Heights
CPI Surges to 25594 Points in June
Inflationary Pressures Continue to Mount
The latest consumer price index (CPI) data from Pakistan reveals a significant rise in inflation, with the CPI increasing to 25594 points in June 2024. This represents a steady increase from the previous month's CPI of 25478 points.
The surge in CPI is indicative of the ongoing inflationary pressures facing Pakistan's economy. The country has been experiencing a rise in food prices, energy costs, and other essential goods, leading to a higher cost of living for its citizens.
Economists attribute the rising inflation to a combination of factors, including global economic headwinds, supply chain disruptions, and the devaluation of the Pakistani rupee. The government has implemented measures to curb inflation, but the impact of these measures is yet to be fully realized.
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