Sky rocketing inflation shatters records

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ISLAMABAD: The weekly inflation rate on Friday climbed to record breaking 42.3 percent, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday. Measured by the Sensitive Price Indicator (SPI), the inflation rose by 3.35pc week-on-week, mainly because of higher food prices. The SPI monitors prices of 51 essential items based on a survey of 50 markets in 17 cities of the country. During the week under review, the prices of 25 out of 51 items increased, 11 decreased and 15 remained stable. ONLINE