World

Pakistan inflation rises to 9.11pc in May y/y

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The reading saw big jumps in the prices of staples like cabbage (+75.23pc), onions (+27.18pc) and potatoes (+25.8pc) as well as petrol (+6.46pc).

It comes as Pakistan is close to finalizing a new bailout agreement with the International Monetary Fund following a preliminary agreement last month.

Monthly inflation for May against April was 0.78pc, with the average over the July-May period up 7.19pc from the same period a year earlier.

Copyright Reuters, 2019