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Pakistan Weekly Inflation Edges Up as Gold Prices Hit New High

Perishable staples posted sharp weekly swings, pointing to short-term price pressures, with bullion costs mirroring a global jump.

Overview

  • The Pakistan Bureau of Statistics reported a 0.49% week-on-week rise in consumer prices, placing the annual rate at 4.57%.
  • Across the basket, 24 essential items became more expensive, 8 turned cheaper and 19 held steady during the week.
  • Prices rose notably for tomatoes by 33.20%, onions by 8.70%, eggs by 2.18% and flour by 1.42%, according to the PBS bulletin.
  • Some items eased, including chicken down 6.38% and bananas down 4.70%, with petrol, diesel, pulses and rice also declining.
  • The Exchange Dealers Association said domestic gold jumped Rs14,100 per tola to Rs456,900, tracking a $141 per ounce rise in the international price to $4,358.