January 06, 2025 08:49 am (IST)

Make this your homepage

South Asia / Southeast Asia / China

Bharatiya Janata Party releases first list of candidates for Delhi Assembly polls, fields Parvesh Sahib Singh Verma against Kejriwal | Firecracker unit explosion in Tamil Nadu's Virudhunagar kills 6 | Body of independent journalist, who went missing on Jan 1, found in a septic tank in Chhattisgarh | Delhi: 14-year-old student stabbed to death outside school after brawl with classmate | Rohit Sharma confirms he is not retiring amid speculations after skipping Sydney Test | India objects to China's 'new counties' announcement, says parts of these come under Ladakh | No cause for alarm over HMPV virus spread in China: Indian Health Agency | PM Modi gives a call for change in Delhi launching fierce attack on Arvind Kejriwal's AAP | Quran open to passage glorifying violence, bomb-making materials tracked in New Orleans attacker Shamshud-Din Jabbar's home | Jasprit Bumrah leads India in series decider after Rohit Sharma opts to rest in Sydney Test amid poor show with willow

Pakistan Inflation

File image of Empress Market in Karachi by Aliraza Khatri via Wikimedia Commons

Pakistan's weekly inflation marches ahead to touch 14-month high

India Blooms News Service | @indiablooms | Jun 18, 2022, at 04:20 pm

#Pakistan #PakistanInflation

Islamabad: Following an increase in petrol and diesel prices to revive the International Monetary Fund (IMF) loan programme, Pakistan's weekly inflation — based on the sensitive price index (SPI) has moved up to touch 3.38% week-on-week and 27.82% year-on-year.

The figures touched a 14-month high figure during the week which ended on June 16.

According to the data released by the Pakistan Bureau of Statistics (PBS), prices of 71% of the commodities in the SPI basket shot up, Geo News reported.

Ismail Iqbal Securities Head of Research Fahad Rauf in his note attributed the hike in the SPI to a sharp increase in the prices of petrol, electricity, and chicken.

“The quantum of increase has not been seen since the 2008 global financial crisis,” he told Geo News.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.