Pakistan
Pakistan: Inflation remains over 40 percent for second week in a row
Pakistan's annual short-term inflation remained above 40 percent for the second week in a row, media reports said.
The inflation remained higher, driven by the massive increase in gas prices.
The inflation reading was 41.13pc for the week ending Nov 23, the Pakistan Bureau of Statistics (PBS) said, as gas prices stood over 1,100pc higher than a year ago, reported Dawn News.
After gas, other items whose prices increased the most included cigarettes (94pc), wheat flour (88.2pc), chilli powder (81.7pc), broken basmati rice (76.6pc), garlic (71pc), Irri-6/9 rice (62.3pc), gents’ sponge chappal (58pc), gents’ sandal (53.37pc), branded tea (53pc), gur (50.8pc), and potatoes (47.9pc), the newspaper reported.
In contrast, the prices of onions dropped 36.2pc year-on-year, followed by tomatoes (-18.1pc), mustard oil (-4pc) and vegetable ghee (-2.9pc).
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