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Inflation in Pakistan Soars to 29.8% Due to Surge in Food and Energy Prices

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A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News.

According to the Pakistan Bureau of Statistics (PBS), the increase in the sensitive price indicator (SPI) was attributed to an increase in the prices of tomatoes (16.85 per cent), LPG (9.82 per cent), petrol (7.86 per cent) and diesel (7.82 per cent), chilli powder (7.58 per cent), garlic (5.71 per cent), onion (5.50 per cent), powdered milk (5.17 per cent), eggs (3.86 per cent) and broken basmati rice (2.06 per cent).

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