Pakistan experienced high and volatile inflation during 2023

Pakistan experienced high and volatile inflation during FY2009, where in July 2008 it increased to 24.3 percent, then in August 2008 it reached at 25.3 percent. This was on account of a sharp spikein global commodity prices which exerted strongupward pressure on domestic prices. To some extent, also reflected the excessive public sector borrowing as well adjustments in public utility prices generated by losses in public sector enterprises, especially electricity.

This was on account of a sharp spikein global commodity prices which exerted strongupward pressure on domestic prices. To some extent, also reflected the excessive public sector borrowing as well adjustments in public utility prices generated by losses in public sector enterprises, especially electricity.