ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose by 4.07 per cent week-on-week ending July 24, driven primarily by a sharp uptick in the retail prices of vegetables and petroleum products.

This marks the steepest weekly increase in recent times, primarily attributed to the surge in petroleum prices and their cascading impact on domestic costs. The government has significantly increased petroleum rates over the past month, which, alongside elevated transport fares, has escalated the cost of transporting perishable goods.

The SPI-based inflation rate recorded a partial reversal in the past few months owing to rising........

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