Pakistan Inflation Hits 45-Year High of 26.89% in October, Driven by Food Prices
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Inflation surged to 26.89% year-on-year in October, highest since May 1975, according to Pakistan Bureau of Statistics.
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Food prices were main driver, with big increases in onions, vegetables, fruits. Urban and rural inflation rose over 1% month-on-month.
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Some respite as fuel price cuts and price control measures introduced in October expected to limit inflation going forward.
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October inflation fueled by food items like onions, vegetables, fruits increasing sharply. Non-food drivers were electricity, marriage halls, accommodation services.
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Inflation increased across categories like food, housing, transport, recreation compared to last year. Clothing, education and communication saw relatively lower increases.
