Govt to stop release of weekly Sensitive Price Index after severe backlash due to inflation

After severe criticism due to uncontrolled inflation, the federal government has decided to stop the release of weekly Sensitive Price Index (SPI) data and instead release monthly Consumer Price Index (CPI), reports Business Recorder.

This decision was taken by the Federal Cabinet in its meeting held on November 2, presided over by Prime Minister (PM) Imran Khan.

The cabinet took note of the presentation by the Finance Division on prices of essential kitchen items and observed that despite inflationary pressure, prices in Pakistan were still lower in comparison to other regional countries.

The Cabinet directed the Planning, Development & Special Initiatives Division to only release CPI on monthly basis, instead of weekly SPI, in line with the practice prevalent internationally.

The Cabinet also directed the Finance Division to include Sri Lanka in the price comparison with regional countries.