![Pakistan's short-term inflation inches up to touch 43.25 per cent Pakistan's short-term inflation inches up to touch 43.25 per cent](https://www.indiablooms.com/world_pic/2023/4088e91350813b82cf616c768525b781.jpg)
Pakistan's short-term inflation inches up to touch 43.25 per cent
Pakistan's annual short-term inflation slightly moved up to touch 43.25 per cent in the week ending on December 28, official data showed on Friday.
With the latest reading, the weekly inflation remained above 41pc for the seventh week in a row, according to the Pakistan Bureau of Statistics as quoted by Dawn News.
On an annual basis, the items whose prices increased the most included gas (1,109pc), cigarettes (93pc), chilli powder (81.7pc), wheat flour (73.8pc), garlic (70.7pc), tomatoes (65.3pc), IRRI-6/9 and broken basmati rice (58.5pc), gents sponge chappal (58pc) and sugar (54.3pc).
In contrast, the prices of onions dropped 12.6pc year-on-year, followed by mustard oil (-5.2pc), vegetable ghee (1.14pc) and bananas (0.20pc).
The short-term, or weekly, inflation is measured by a basket of goods and services called the Sensitive Price Indicator (SPI), which stood at 311.14 compared to 310 in the preceding week and 217.20 a year ago, the Pakistani newspaper reported.
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.