Pakistan posts highest-ever annual inflation; stampedes for food kill 16

Pakistan witnessed a 35.4% year-on-year inflation in March 2023 as stampedes for food aid killed at least 16 people in the last week

Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.

The March inflation number eclipsed February's 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year.

Thousands of people have gathered at flour distribution centres set up across the country, some as part of a government-backed programme to ease the impact of inflation.

At least 16 people, including five women and three children, have been killed in stampedes at such centres in recent days, police and officials have said. Thousands of bags of flour have also been looted from trucks and distribution points, according to official records.

A spokesman at the statistics bureau said the inflation number was the highest ever year-on-year increase recorded by the bureau since monthly records began in the 1970s.

"This is the highest ever inflation recorded in the data we have," he said.

The consumer price index was up 3.72% in March from the previous month, the bureau said.