Pakistan's SPI-based short-term inflation rate decreased by 1.06% for the week ending May 16, 2024, due to falling prices of key items.

Pakistan's short-term inflation rate, based on the Sensitive Price Index (SPI), decreased by 1.06% for the week ending May 16, 2024, due to falling prices of tomatoes, onions, garlic, petrol, wheat flour, LPG, and bananas. This decrease helped offset the year-on-year increase in inflation, now at 21.22%. The SPI for the week under review was recorded at 309.25 points, down from 312.56 points the previous week.

May 17, 2024
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