Pakistan's short-term inflation, measured by the SPI, increased by 13.08% year-on-year and 1.40% week-on-week, marking its 66th consecutive rise. The surge is primarily attributed to higher petroleum product prices, alongside significant annual increases in electricity (49.14%), gas (29.85%), and wheat flour (71.81%). This broad-based cost-push inflation reflects sustained pressure on household budgets and the overall cost of living. Persistent high inflation could bolster demand for gold as an inflation hedge and potentially weaken the PKR, impacting local gold prices.
بحوالہ / Source: www.dawn.com