The Sensitive Price Index (SPI), a measure of short-term inflation in Pakistan, increased by 9.66% year-on-year for the week ending July 23, driven primarily by soaring food and petroleum prices. This marks the 67th consecutive week of rising short-term inflation, with a 0.91% increase from the previous week. Key contributors to the annual surge included wheat flour (74.13%), electricity charges (22.79%), and LPG (46.87%). Persistent inflation could further pressure the Pakistani Rupee against the US Dollar and potentially bolster local demand for gold as a hedge.
بحوالہ / Source: www.dawn.com