Pakistan’s inflation rate at six-month high of 43% ...Middle East

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Islamabad: Pakistan’s weekly inflation rate remained at a six-month high of 43.16 per cent in the week ending December 14, as soaring food prices continued to squeeze consumers, a media report said. The main drivers of the inflation were food items, especially sugar, pulses, eggs and rice, which saw sharp increases in their prices over the year, The News reported. The Sensitive Price Indicator (SPI) inched down by 0.06 per cent week-on-week, according to the Pakistan Bureau of Statistics (PBS). This was the highest level since the week ending June 1, when the SPI inflation was 43.17 per cent, The News reported. It was also the fifth consecutive week that the SPI inflation stayed above 40 pe

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