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| India-Pakistan |
| Pakistan's weekly inflation surges to 41.54pc |
| 2023-03-04 |
| [The Nation (Pak)] The weekly inflation, measured by Sensitive price Indicator (SPI), witnessed an increase of 2.78 per cent to jump to 41.54pc on a year-on-year basis for the week ended on Feb 23, rising from 38.42pc in the previous week. The week-on-week inflation eased to 2.78pc from 2.89pc a week ago. Of the 51 items tracked, the prices of 33 items increased, six items decreased, whereas those of 12 items remained stable. During the week under review, the items whose prices increased the most compared to the same week a year ago were onions 372pc, cigarettes 164.7pc, gas 108.38pc, chicken 85.7pc, diesel 81.36pc, eggs 75.81pc, Irri 6/9 rice 75.41pc, broken basmati rice 74.16pc, bananas 72.22pc, washed moong pulse 70.39pc, and petrol 69.87pc. However, alcohol has never solved anybody's problems. But then, neither has milk... it also noted a decrease in the prices of tomatoes (67.93 percent), chili powder (7.42 percent) and electricity charges for Q1 (6.64 percent). The upward trend of inflation continues as Islamabad was taking measures to get the $1.1 billion IMF tranche under the Extended Fund Facility. |
| Posted by:Fred |
| #2 Zimbabwe with turbans. Great... |
| Posted by: M. Murcek 2023-03-04 09:23 |
| #1 Money down a rat hole: In July 2019, Pakistan and the IMF reached a staff-level agreement on economic policies for a three-year EFF. Under the agreement, Pakistan was to receive about $6 billion for a period of 39 months. |
| Posted by: Slavising Unineting5672 2023-03-04 09:16 |