Islamabad: Pakistan’s weekly inflation based on the Sensitive Price Index (SPI) rose to an unprecedented 47.23 per cent for the week ended April 19 compared to the same period last year. The Pakistan Bureau of Statistics (PBS) has given this information through statistics on Friday.
The SPI in the country has been on a steady rise since August last year and mostly remains above 40 per cent. Last year the inflation rate was 42.31 percent on August 18, 45.5 percent on September 1 and reached 46.65 percent on March 22 this year. The increase on a weekly basis was mainly due to rising food prices, resulting in an increase of 0.51 per cent in the short-term inflation rate on a week-on-week basis. In which inflation has increased due to increase in the prices of food items, especially potatoes, tea, bread, chicken, LPG and petrol.
Read the Latest India News Today on The Eastern Herald.