SPI inflation below 20pc for first time since 2022

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Indicator (SPI), further slowed to 18.4 per cent during the past week, the lowest reading since May 2022, official data showed on Friday.

It’s also the first time since May 2022 that the SPI-based inflation has fallen below 20pc.

The rate of inflation during the week ending August 1 eased mainly due to a lower increase in the prices of items like onions and powdered milk, and a decline in the prices of wheat flour, cooking oil...