An official data reported by Dawn newspaper reveals that Pakistan s annual short-term inflation has persisted above 40% for the second consecutive week. This alarming economic situation is primarily attributed to a substantial surge in gas prices.
Pakistan yet again witnessed a year-on-year increase in short-term inflation which now stood at 30.82 per cent for the week ending on August 10, official data from Pakistan Bureau of Statistics (PBS) stated, ARY News reported. The short-term inflation rate was measured by Sensitive Price Indicator (SPI).
During the week, out of 51 items, prices of 26 (50.98 per cent) items increased, 12 (23.53 per cent) items decreased, and 13 (25.49 per cent) items remained stable, Samaa TV reported. aaa