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Pakistan's short-term inflation inches up to touch 43.25 per cent
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Pakistan's short-term inflation inches up to touch 43.25 per cent

| @indiablooms | 30 Dec 2023, 06:25 pm

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.

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