March 18, 2023 6:36 PM

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Short-term inflation in Pakistan hits record 45.64 pc

Short-term inflation in Pakistan based on the Sensitive Price Index (SPI), saw a record increase to 45.64 per cent for the combined income group on a year-on-year basis for the week ending 16th of March. This was fuelled by a consistent increase in the price of essential commodities, according to data released by the Pakistan Bureau of Statistics on Friday.<br />''  <br />'' Short-term inflation on a week-on-week basis, however, increased by 0.96 per cent as tomatoes, potatoes, cooking oil and fruits became costlier.<br />''  <br />'' Of the 51 items in the SPI basket, prices of 28 items increased. The items whose prices increased the most over the same week a year ago were onions, diesel, petrol, bananas, bread and wheat flour.<br />''  <br />'' On a week-on-week basis, the biggest change was observed in the prices of tomatoes, potatoes, bananas, diesel, and Petrol.<br />

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