Pakistan: Weekly inflation jumps to 31 per cent

economictimes.indiatimes.com:

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).

However, on week-on-week bases, the short-term inflation rose to 0.69 percent and showed no signs of slowing down which has further caused concern for economists and consumers alike. On a week-on-week basis, the short-term inflation, rose 0.69pc, and shows no signs of slowing down, causing concern for economists and consumers alike.

As compared to the previous week, out of 51 items in the SPI basket, prices of 29 goods rose, whereas, prices of five goods dropped, and 17 remained unchanged, reported ARY News. According to the week under review, the goods whose prices increased the most over the same week a year ago included wheat flour (131.81 per cent), cigarettes (109.57 per cent), gas charges for Q1 (108.38 per cent), tea Lipton (95.19 per cent), rice basmati broken (84.09 per cent), chillies powder (72.94 per cent), rice Irri-6/9 (72.74 per cent), sugar (67.90 per cent), chicken (65.87 per cent), gur (58.93 per cent), gents sponge chappal (58.05 per cent), potatoes (57.02 per cent) and tomatoes (53.66 per cent).

However, the biggest rice week-on-week was in the cost of chillies powder (3.72 per cent), powdered milk (3.65 per cent), pulse mash (3.13 per cent), garlic (2.39 per cent), sugar (2.30 per cent), chicken (2.27 per cent), salt (1.84 per cent), and eggs (1.74 per cent). A day after Pakistan's National Assembly and the federal government were dissolved, the country's Ministry of Finance stated that five