Weekly inflation hits 11-week low
KARACHI: The weekly rate of inflation in Pakistan registered a significant deceleration, touching an 11-week low of 39.45% in the week ended February 1, 2024. This decline, measured through the Sensitive Price Index (SPI), is attributed to the fall in prices of food, neutralizing the impact of increased oil prices. Despite this decline, the rate of inflation remains high, indicating continued economic challenges. According to the Pakistan Bureau of Statistics (PBS), the inflation indicator decreased by 0.28% in the reported week compared to the previous week. This marks the second straight week of decline on a week-over-week basis. Inflation had
