Pakistan's inflation surges as fuel taxes, wheat failures push prices to 11.2%
India, Sept. 2 -- Islamabad [Pakistan] September 2 (ANI) Pakistan's inflation rate jumped back into double digits in August, reaching 11.2 per cent, only a month after falling below the 10 per cent mark. The figures highlight renewed pressure on households as higher fuel costs, food shortages and government taxation drive up the cost of living. Pakistan Bureau of Statistics (PBS) recorded the sharp increase in Consumer Price Index (CPI) inflation across both urban and rural areas, as reported by The Express Tribune.
According to The Express Tribune, the acceleration has been linked to the government's policy of fully passing international fuel costs and multiple taxes onto consumers, while provincial authorities have struggled to maintai...
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