ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased 5.03 per cent year-on-year in the week ending Sept 11, owing to a continuous increase in the retail price of perishable products in the domestic market.

The SPI-based inflation recorded an upward trend for the past seven consecutive weeks. A surge in prices of perishable vegetables, including tomatoes, onions, potatoes, rice, chicken, LPG and sugar mainly drives the increase.

It, however, declined by 0.02pc from the previous week, official data showed on Friday.

The prices of tomatoes, onions, and potatoes have seen an unprecedented increase in the past few days, mainly due to floods causing damage to standing crops.........

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