ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), recorded a negative growth of 1.20 per cent year-on-year in the week ending on March 20 due to a decline in the price of perishable products.

The SPI-based inflation recorded a decline for three consecutive weeks. Week-on-week, it declined by 0.35pc, official data showed on Friday.

The overall short-term inflation rate has also slowed due to the higher base of last year. Moreover, the prices remained stable for most of the products, excluding wheat flour.

However, the

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