Short-term inflation in Pak stays above 29% as electricity, LPG price hikes

Owing to the sharp increase in electricity and Liquefied Petroleum Gas prices, short-term inflation has witnessed a year-on-year surge of 29.21 per cent for the week ending on July 26, according to official data Dawn reported.

The short-term inflation on a week-on-week basis measured by the Sensitive Price Index (SPI), rose 3.73 per cent which marks the highest increase in the past two months.

Moreover, the electricity charges were surged by 20.98 per cent, whereas, LPG was increased by 4.12 per cent during the period under review, the Pakistan-based daily reported.