Gas, power tariff hikes under IMF fuel inflation: finance minister

• Gas prices rose 840pc, electricity by 110pc; rupee fell 43pc since 2019
• Sugar, wheat, palm oil, crude oil prices also saw major increases

ISLAMABAD: The government admitted on Wednesday that a record 840 per cent increase in gas prices, over 110pc rise in electricity tariffs and a 43pc currency depreciation under the International Monetary Fund (IMF) programme have contributed significantly to the unprecedented inflation that has eroded the purchasing power and living standards of many Pakistanis.