Pakistan's Short-Term Inflation Hits 11.38% Amid Rising Food, Energy Costs

Pakistan's short-term inflation, measured by the Sensitive Price Index (SPI), rose to 11.38% year-on-year for the week ending October 15, primarily due to escalating food and energy prices. While 23 essential commodities saw price increases, the weekly SPI actually declined by 0.04% week-on-week. Persistent increases in petroleum prices continue to fuel cost-push inflation, placing households under pressure. This sustained inflationary environment suggests ongoing pressure on the Pakistani Rupee, which could indirectly support local gold prices as a hedge against currency depreciation.

بحوالہ / Source: www.dawn.com