Financial Times FT.com

Inflation hits record high in Pakistan

By Farhan Bokhari in Karachi

Published: August 13 2008 03:00 | Last updated: August 13 2008 03:00

Pakistan's overall annual inflation rate peaked at an all-time high of more than 24.3 per cent last month from about 21.5 per cent in June - a significant jolt to the country's consumers.

Analysts warned the inflation rate was particularly worrying for the poorest section of the population, given that prices of non-perishable food items rose about 35.4 per cent year on year in July while those of perishable food items rose about 22.8 per cent.

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