ISLAMABAD: According to the statistics bureau, Pakistan’s annual inflation rate slightly eased to 10.87% year-on-year in May.
That compared with an annual consumer price index increase of 11.1% in the previous month. The data came days ahead of the country’s annual budget.
Prices of essential commodities, including chicken, eggs, meat, vegetables, pulses, sugar, and rice, have been on the rise, hitting hard a population already under pressure from the COVID-19 pandemic.
Meanwhile, the State Bank of Pakistan (SBP) last week said that it expects the country’s economy to shed the coronavirus shock this year and grow by 3.49% annually.
