December 02, 2008

Pakistan inflation surges by 31.9%

It is reported that weekly inflation in Pakistan surged by 31.92% during the week ended on July 31st 2008 over the corresponding week of last year, as per latest official statistics released by the Statistics Division show.

The inflation, however, recorded an increase of 0.31% over the previous week, indicating a rising trend in the prices of these commodities.

The inflation measured through Sensitive Price Index is on the rise for the last few months due to upward adjustment in oil and gas prices, which pushed the retail price of every commodity.