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EnergyFreePakistan's general inflation surged to 11.7% in May, the highest in two years, driven by escalating costs of oil and gas imports. This marks a significant acceleration from April's 10.9% annual inflation rate.
EnergyFreeIndia's central bank has identified a surge in oil prices as a near-term risk to economic growth and an upside risk to inflation. The Reserve Bank of India (RBI) noted in its annual report that while the economy is resilient, a prolonged West Asia conflict could exacerbate these challenges.