Weekly inflation slightly decreases in Pakistan after hitting record high

Weekly inflation slightly decreases in Pakistan after hitting record high

Business

Decrease was observed in the prices of food items like onion, cooking oil and others

ISLAMABAD (Dunya News) – The Pakistan Bureau of Statistics (PBS) announced on Friday weekly inflation dropped by 0.36 per cent 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.