ISLAMABAD: Short-term inflation, measured by the Sensitive Price Indicator (SPI), remained above 23 per cent for the second week, driven primarily by high vegetable, pulse and gas prices, official data showed on Friday.

For the week ending July 11, SPI-based inflation stood at 23.33pc year-on-year, with a modest 0.11pc reading on a week-on-week basis.

The items whose prices increased week-on-week included chicken (16.34pc), powdered milk (6.07pc), pulse gram (3.47pc), lawn cloth (2.43pc), long cloth (1.58pc), fresh milk (1.37pc), masoor pulse (1.23pc), and moong pulse (1.02pc).

The items whose prices decreased the most over the previous week included tomatoes (19.47pc), bananas (2.30pc), wheat flour (1.85pc), onions (1.55pc), potatoes (0.86pc) and eggs (0.61pc).

Published in Dawn, July 13th, 2024