Saturday August 20, 2022

Rain-Hit Pakistan Faces Flood Inflation As SPI Rises to 42.31%

ISLAMABAD: Following an increase in petrol and food prices, the weekly inflation — based on the sensitive price index (SPI) — surged by 3.35% week-on-week and 42.31% year-on-year during the week ended August 18.

Data released by the Pakistan Bureau of Statistics (PBS) showed that the average prices of 25 essential items, vegetables, eggs, chicken, milk and other items rose during the outgoing week.

Prices of 11 items, including vegetable ghee, mustard oil, pulses, etc have declined. Meanwhile, the rates for 15 essential goods remained unchanged.

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