Weekly inflation
KARACHI: Due to an increase in vegetable prices, the sensitive pricing index (SPI) rate for the week sharply increased to 45.5% year-on-year, the highest level in ten years, as the nation simultaneously begins to deal with the worst effects of the devastating floods that have affected over 33 million people.
According to data released on Friday by the Pakistan Bureau of Statistics (PBS), the SPI-based inflation rate increased from the previous week to 1.31%.Inflation continued to rise for a third straight week, partly as a result of supply chain disruption brought on by flooding, which has driven up the cost of basic necessities.
According to data made public by the Pakistan Bureau of Statistics (PBS), the average price of 31 basic products such as eggs, onions, tomatoes, and tomatoes increased over the previous week.
