Inflation hits 29.7%, defying expectations for slowdown

Inflation remained stubborn, inching up to 29.7% last month due to a constant increase in prices of food and energy goods, surpassing official expectations for a slowdown in the pace of price increases.

The Pakistan Bureau of Statistics (PBS), the national data-collecting agency, reported on Monday that the Consumer Price Index surged to 29.7% in December compared to a year ago….