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Weekly SPI inflation down 8.2pc

Weekly SPI inflation down 8.2pc

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation ended April 9 for the combined consumption group witnessed a decrease of 8.2 percent as compared to the previous week.

Federal Minister for Planning Asad Umar taking to Twitter said that the latest weekly Sensitive Price Indicator down to 8.2% this week.

The year on year SPI was above 20% in mid January. So the rate of inflation for essential products used by common citizens has fallen to less than half in the last 3 months

Governor State Bank Reza Baqir last month said that there are clear indicators of the economy improving further in the months to come which will surely bring down the rate of inflation.

He revealed that during the past 7 months, the current account deficit of the country has seen significant improvement along with trade deficit improvement.