ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased 2.41 per cent year-on-year in the week ending January 1 owing to an increase in the retail price of wheat flour and rice, official data showed on Friday.

The SPI-based inflation recorded an upward trend for the past 22 consecutive weeks.

The increase is mainly driven by a surge in prices of perishable products, as well as chicken, tomatoes, and edible oil prices.

It, however, declined by 0.67pc from the previous week due to a........

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