ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), posted a negative growth of 1.26 per cent year-on-year in the week ending on March 27 due to a decline in the price of perishable products.

The SPI declined for the fourth week mainly due to decreased potato, onion, and chicken prices. It fell 0.15pc from the previous week, data released by the Pakistan Bureau of Statistics showed on Friday.

The overall short-term inflation has also slowed due to the higher base of last year.

Moreover, the prices remained stable for most products, excluding wheat flour.

© Dawn Business