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September 7, 2024

News Desk

Weekly inflation falls to three-year low

KARACHI: Pakistan’s weekly measure of inflation, called the Sensitive Price Indicator (SPI), hit a three-year low as it slowed to 14.07% in the week ending September 5, 2024 compared to the same period last year. On a weekly basis, short-term inflation eased by 0.15% on lower energy and food prices. Accordingly, the rate of increase in commodity prices slowed for the fourth consecutive week, according to data released by the Pakistan Bureau of Statistics (PBS). The deceleration in the SPI, coupled with a drop in monthly consumer price index (CPI) inflation to a single-digit rate of 9.6% after a gap

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