Short-term inflation rises to 11.32pc in last week of October, driven by perishable food prices

ISLAMABAD: Short-term inflation rose to 11.32 per cent year-on-year in the week ending October 29, driven largely by perishable food products, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday. The index, comprising 51 items whose prices are collected from 50 markets in 17 cities, is calculated weekly to track changes in the prices of essential commodities and services. Short-term inflation has remained in double digits for several consecutive weeks, largely on the back of persistent increases in petroleum and diesel prices . The data showed that of the…