Pakistan's weekly inflation spikes by 1.35 pct

Pakistan continues to face the brunt of rising prices with the  Sensitive Price Indicator (SPI) recording a notable 1.35 per cent increase in the inflation rate as part of its weekly inflation report, media reports said.

IBNS • 15 Mar 2024, 07:41 am

Following the 1.35 percent increase in the weekly inflation rate, the annual inflation rate has reached an alarming level of 32.89 percent, indicating a significant strain on the economy, reported ARY News.

According to data released by the statistics department, the prices of 18 essential items have surged, whereas, 14 items witnessed a decrease, while the price of 23 products remain unchanged.

Prices of daily commodities like tomatoes, bananas, eggs, and garlic have spiked amid the ongoing Ramadan month observation.

The price of domestic LPG cylinders has surged to Rs 146.71, adding to the financial burden on households.