Weekly inflation declines by 0.36% in Pakistan after hitting record high
ISLAMABAD ( Web News )
Pakistan Bureau of Statistics (PBS) announced on Friday weekly inflation dropped by 0.36 percent to 45.36% on an annual basis during the ongoing week, bringing a sigh of relief for low- and middle-income consumers across the country.
The downward trend comes after the unprecedented price hike was witnessed by people in recent weeks as the inflation touched all-time high of 46.65% in previous week.
During this week, decrease was observed in the prices of food items, “Onions (15.10%), chicken (11.96), tomatoes (10.26%), cooking oil 5 litre (1.24%), vegetable ghee 1 kg (1.07%), vegetable ghee 2.5 kg (0.77%), pulse gram (0.42%), pulse moong (0.22%) and mustard oil (0.17%), non-food items, LPG (1.35%) and firewood (0.35%)”.
On the other hand, major increase was observed in the prices of bananas (7.54%), eggs (7.22%), mutton (2.39%), sugar (2.12%), wheat flour (1.91%), tea Lipton (1.79%), georgette & shirting (1.32%) each, milk fresh (1.12%) and beef (1.02).
“During the week, out of 51 items, prices of 23 (45.10%) items increased, 11 (21.57%) items decreased and 17 (33.33%) items remained stable,” the PBS said in its report.