Short-term inflation rises to 11.97pc, PBS data shows

ISLAMABAD: Short-term inflation rose to 11.97 per cent year-on-year in the week ending Oct 8, driven largely by higher food prices , particularly wheat flour, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday. The Sensitive Price Index (SPI), which tracks short-term inflation, rose 0.57pc week-on-week, reflecting price fluctuations in both food and non-food items. Of the 51 essential items monitored during the week, prices of 20 commodities (39.22pc) increased, while those of six items (11.76pc) declined. Prices of 25 items (49.02pc) remained unchanged…