According to information issued by the Pakistan Bureau of Statistics (PBS) on Friday, the Sensitive Price Index (SPI), which measures inflation, saw a significant increase in the week that ended August 18, rising to a record 42.3 percent year-over-year.
Prior to this, the SPI experienced its highest-ever year-over-year growth of 38.63% during the week ending August 5.
The SPI increased by 3.35 percent over the previous week, according to the most recent data, primarily due to increasing food prices. The largest weekly rise in inflation occurred during the week that ended on July 28, at 3.68 percent.
The SPI keeps track of the cost of 51 essentials based on a research of 50 markets in 17 cities around the country.