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Pakistan inflation hits record-high 36.42 percent
Pakistan inflation hits record-high 36.42 percent
Business and Economy
by  AFP

Pakistan's year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout. Food prices were up by nearly 50 percent in April from a year earlier, with transport costs 57 percent higher.