Short-term inflation clocks in at 11.21pc

Pakistan’s short-term inflation reached 11.21 per cent year-on-year in the week to Nov 12, according to data released by the Pakistan Bureau of Statistics, Dawn reported. The Sensitive Price Index, which follows 51 essential items across 50 markets in 17 cities, nevertheless slipped 0.46 per cent from the previous week.

Prices rose for 19 items during the week, fell for nine and were unchanged for 23. LPG was up 111.35 per cent year-on-year, while tomatoes rose 78.94 per cent; petrol and diesel prices fell 7.42 per cent and 6.10 per cent week-on-week, respectively. The report said higher LPG costs contributed to the annual increase, while the effect of recent oil-price declines is expected to appear in a later review.