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ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose by 9.11 per cent year-on-year for the week ending Aug 13, mainly due to rising prices of non-perishable food products, according to official data released on Friday.
Short-term inflation has been rising consecutively, mainly driven by steady fluctuations in daily petroleum prices. As a result, transportation costs have increased over the period of last few weeks. This increase in transportation prices has also been reflected in the prices of essential food items.
On a week-on-week basis, the index increased by 0.5pc, according to the Pakistan Bureau of Statistics.
The overall SPI showed a broad-based rise, indicating continued pressure on the cost of living. The increase was largely driven by sharp gains in key items on a year-on-year basis, including tomatoes (143.77pc), onions (125.75pc), wheat flour (77.41pc), diesel (34.05pc), petrol (23.02pc), LPG 55.41pc and beef (13.42pc).
