Pakistan’s Weekly Inflation Jumps Over 48 Percent

Pakistan’s Weekly Inflation Jumps Over 48 Percent

ISLAMABAD, May 7 (NNN-APP) – Pakistan’s weekly inflation, measured by the Sensitive Price Index (SPI), posted an increase of 48.35 percent, on a year-on-year basis, according to the Pakistan Bureau of Statistics (PBS), yesterday.

A sharp increase was witnessed in the prices of essential food items, including bread, milk, pulses, chicken, mutton, eggs, potatoes and other non-food items, during the week ending on Friday, as compared to the corresponding time last year, PBS officials quoted the bureau’s data.

During the week under review, SPI was recorded at 254.84 points against 252.20 points registered last week, the PBS data showed.

On the other hand, prices of food items, including cooking oil, garlic, tomatoes, onions, mustard oil, as well as, diesel, showed a downward trajectory during the week.– NNN-APP

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