Pakistan's short-term inflation slowed 0.34% week-on-week due to cheaper food prices, marking the 6th consecutive week of decline.
Pakistan's short-term inflation slowed down 0.34% week-on-week amid cheaper food prices, marking the sixth consecutive week of decline. The Sensitive Price Indicator (SPI) measures 51 essential items from 50 markets across 17 cities. The year-on-year inflation rate increased 21.31%, maintaining double-digit elevation compared to the previous year. Over the last six weeks, SPI-based inflation decreased 6%, indicating a potential cooling of the benchmark monthly inflation measured by the Consumer Price Index (CPI).
May 24, 2024
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