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Pakistan's short-term inflation inches up to touch 43.25 per cent

Pakistan's annual short-term inflation slightly moved up to touch 43.25 per cent in the week ending on December 28, official data showed on Friday.

IBNS
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Pakistan's short-term inflation inches up to touch 43.25 per cent
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With the latest reading, the weekly inflation remained above 41pc for the seventh week in a row, according to the Pakistan Bureau of Statistics as quoted by Dawn News.

On an annual basis, the items whose prices incre­ased the most included gas (1,10­­­9­pc), cigarettes (93pc), chilli powder (81.7­pc), wheat flour (73.8pc), garlic (70.7pc), tomatoes (65.3pc), IRRI-6/9 and broken basmati rice (58.5pc), gents sponge chappal (58pc) and sugar (54.3pc).

In contrast, the prices of onions dropped 12.6pc year-on-year, followed by mustard oil (-5.2pc), vegetable ghee (1.14pc) and bananas (0.20pc).

The short-term, or weekly, inflation is measured by a basket of goods and services called the Sensitive Price Indicator (SPI), which stood at 311.14 compared to 310 in the preceding week and 217.20 a year ago, the Pakistani newspaper reported.

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#agartala news#tripura news#northeast herald#world news

IBNS

Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.

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