ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased four per cent year-on-year in the week ending Dec 4, owing to an increase in the retail price of edible oil and wheat flour in the domestic market.

The SPI-based inflation has been on an upward trend for the past 18 consecutive weeks. A surge in the prices of perishable products, LPG cylinders, and electricity mainly drives the increase.

It, however, declined by 0.64pc from the previous week due to a slight dec­line in prices of tomatoes, potatoes and onions,........

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