Weekly inflation falls 0.46pc in Pakistan, annual rate stands at 11.21pc

Weekly inflation falls 0.46pc in Pakistan, annual rate stands at 11.21pc
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Summary Pakistan’s weekly inflation fell 0.46%, while annual inflation reached 11.21%. Petrol and diesel prices declined, but tomatoes, eggs and several other essential items became costlier.

ISLAMABAD (Dunya News) – Weekly inflation in Pakistan declined by 0.46%, while the annual inflation rate stood at 11.21%, according to the latest figures released by the Pakistan Bureau of Statistics (PBS).

The PBS report showed that prices of 19 essential commodities increased during the past week, nine items became cheaper, while rates of 23 commodities remained unchanged.

During the week, tomato prices rose by 12.06%, eggs by 5.98% and potatoes by 2.42%. Garlic became 1.76% more expensive, while chicken prices increased by 1.32%.

The prices of flour and lentils (masoor) also increased by 0.94% and 0.64%, respectively.

On the other hand, petrol prices declined by 7.42% and diesel by 6.10% during the week. Onion prices fell by 1.70%, bananas by 1.03% and sugar by 0.43%. Slight decreases were also recorded in the prices of powdered milk and mung beans.

According to the PBS, LPG prices recorded an annual increase of 111.35%. Over the past year, tomato prices rose by 78.94%, while electricity tariffs increased by 52.38%.

The report further showed that flour prices increased by 36.14% year-on-year, diesel by 30.77% and petrol by 26.23%.

On an annual basis, onion prices rose by 19.67%, mutton by 14.67%, beef by 11.30% and chicken by 10.98%.

However, prices of some essential commodities declined over the past year. Potatoes became 36.41% cheaper, sugar prices fell by 24.54%, while egg prices decreased by 23.29%.

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