Severe inflation in Pakistan has also left Sri Lanka behind, as Pakistan has been hit by a financial crisis due to an increase in energy and food prices. According to a report by American newspaper Bloomberg, inflation in Pakistan exceeded 36% in April, the highest since 1964.
According to the Bloomberg report, inflation in Sri Lanka remained at 35% in April, which is lower than in Pakistan. In Pakistan, inflation is expected to continue to rise in May. The American newspaper’s report stated that Sri Lanka is also struggling with an economic crisis, while last year the Pakistani currency suffered its worst depreciation, falling 20% against the dollar and becoming one of the weakest currencies in the world.
On the other hand, according to the statistics agency, in April, inflation in Pakistan increased by a further 2.4%. The statistics agency released monthly inflation figures, according to which inflation reached 36.42% in April.
According to the statistics agency, the inflation rate for food and beverages reached a record high of 52.2% in April, while inflation in rural areas remained at a record level of 40.7% in April.
