Inflation slows to 26-week low
KARACHI: Pakistan’s weekly gauge of inflation, as measured by the sensitive price index (SPI), accelerated 0.17% on rising food prices in the week ended July 25, 2024, maintaining its upward trend for the fourth consecutive week and ahead of the central bank’s monetary policy committee meeting on 29 July. According to the data released by the Pakistan Bureau of Statistics (PBS), weekly inflation increased by 20.09% compared to the same week last year. The year-on-year trend, however, showed a significant slowdown in inflation to a nearly 26-week low compared to inflation of nearly 44% at the end of January 2024,
