Pakistan's inflation increases by 0.44% for second week, driven by rising food prices.
Pakistan's inflation rose for the second week, with a 0.44% increase in the Sensitive Price Index (SPI) for the week ending October 3, 2024, marking a 13.18% rise year-over-year. The surge is largely attributed to rising food prices, particularly for tomatoes, onions, and chicken, affecting low-income groups' purchasing power. This trend may influence the State Bank of Pakistan's monetary policy regarding interest rates.
October 05, 2024
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