Pakistan SPI Reports 1% Inflation Decline

Inflation in Pakistan, as measured by the Sensitive Price Indicator (SPI), saw a notable decline of 1% across all consumption groups for the week ending on May 02. This data, released by the Pakistan Bureau of Statistics (PBS), indicates a welcome relief from the persistent inflationary pressures witnessed in recent weeks.

The current SPI figure for the week stands at 316.95 points, showing a decrease from the previous week's 320.14 points. However, when compared to the same period last year, the SPI has surged by 24.37%, highlighting the continued inflationary trend prevailing across various sectors.

This shift in the weekly inflation rate suggests a temporary respite for consumers and businesses grappling with rising prices. It also underscores the ongoing challenges faced by the economy in managing inflation levels amidst global economic uncertainties and domestic factors.