Weekly inflation rises on spike in sugar rates
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), revised upward slightly and recorded an increase of 1.21 per cent year-on-year in the week ending Feb 20 owing to a rise in sugar prices.
The SPI-based inflation rebounded after seven consecutive weeks of deceleration, mainly due to increased pulses, beef, egg and chicken prices.
On week-on-week, the SPI rose 0.27pc, data released by the Pakistan Bureau of Statistics showed on Friday.
The overall short-term inflation has also slowed due to the higher base of last year. Moreover, the prices remained........
© Dawn Business
