According to a report by a research house, inflation in Pakistan is expected to reach new highs, with a projected year-on-year (YoY) increase of over 37% in May, compared to the 36.4% recorded in April.
Food inflation is forecasted to be at 47.99% YoY this month, with a marginal sequential increase of 0.81% month-on-month (MoM). However, this marks a slowdown from the recent trend of approximately 4.5% MoM over the past four months. It is anticipated that the year-on-year trend will ease after May due to the base effect from June.
It is worth noting that this is the highest YoY inflation recorded since July 1965, the year when Inflation data starts publishing.
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