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Pakistan’s weekly inflation soars 47.23 pct

ISLAMABAD, April 21 (Xinhua) — Pakistan’s weekly inflation soared 47.23 percent on a year-on-year basis, according to the latest data of the Pakistan Bureau of Statistics (PBS).

The inflation, measured by the sensitive price index (SPI), was mainly caused by a sharp increase in food prices during Ramadan.

The major increase was witnessed in the prices of commodities, including wheat flour, tea, and rice