According to data released by the country's statistics bureau, which country has experienced its highest inflation rate in 48 years?

Pakistan, currently facing a crisis and hosting urgent talks with the International Monetary Fund, recorded a year-on-year inflation rate of 27.55% in January 2023. This figure, released by the country's statistics bureau on February 1, is the highest inflation rate since May 1975.

Karachi port has been holding up thousands of imported containers. Pakistan's economy is in a precarious state, as it grapples with servicing high levels of external debt while also suffering from a balance-of-payments crisis.