SPI declines for seventh week

SPI declines for seventh week

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), recorded a negative growth of 2.72 per cent year-on-year in the week ending April 17, owing to a decline in the prices of perishable products in the domestic market. The SPI-based inflation continued downward decline for seven consecutive weeks, mainly due to a decrease in the prices of tomatoes, wheat flour, potatoes, eggs and chicken. It, however, declined by 0.69pc …