Pakistan inflation rose to a two-year high after the Iran war pushed up energy import costs, the Pakistan Bureau of Statistics said. Headline CPI was up 11.7% YoY in May. Higher energy prices are amplifying inflation and balance-of-payments pressure for Asian fuel importers, prompting emergency measures to stabilize the currency and limit economic fallout. The State Bank of Pakistan raised rates in April — its first hike in three years — and will review policy at a meeting on June 15. Government

Pakistan inflation rose to a two-year high after the Iran war pushed up energy import costs, the Pakistan Bureau of Statistics said. Headline CPI was up 11.7% YoY in May. Higher energy prices are amplifying inflation and balance-of-payments pressure for Asian fuel importers, prompting emergency measures to stabilize the currency and limit economic fallout. The State Bank of Pakistan raised rates in April — its first hike in three years — and will review policy at a meeting on June 15. Government data show gasoline and diesel prices are about 48% and 38% above pre-war levels.