business

April 27, 2024

SPI inflation eases for second week as food prices retreat

A vendor weighs vegetables for a customer at a local market in Lahore. — AFP/File ISLAMABAD: The weekly inflation fell 1.1 percent in the week ended April 25, marking its second consecutive decline, as prices of essential items such as tomatoes, onions, and chicken dropped, latest data showed on Friday.The Sensitive Price Indicator , which tracks prices of 51 essential items across 50 markets in 17 cities, declined 1.1 percent from the previous week, following a 0.79 percent drop in the...