Inflation rate falls by 0.3pc on weekly basis in Pakistan

Islamabad: The inflation rate continues to decrease on a weekly basis in the country, with a decrease of 0.34 percent recorded in the inflation rate during the week, after which the annualized rate of inflation on a weekly basis settled at 21.31 percent.

According to the weekly data released by the Bureau of Statistics, 18 commodities became cheaper and 12 more expensive during the week, while the prices of 21 commodities remained stable.

According to the weekly inflation report issued by the Statistical Institute, during this week the price of garlic decreased by Rs43.46 per kg, the price of chicken by Rs20.21 per kg and a 20 kg bag of flour by Rs88.89.

During the last one week, the price of onion has gone down by Rs1.97 per kg and eggs by Rs3.53 per dozen.

Similarly, basmati rice, red lentils, green gram beans, and tomatoes are among the items that became cheaper, while the domestic LPG cylinder price also recorded a decrease of Rs93.12.

According to the weekly report of the Institute of Statistics, the price of beef increased by Rs4.62 per kg, mutton by Rs4.47 per kg and curd by Rs1.23 per kg. While hot spices, jaggery, tea leaves and cigarettes are also among the expensive items.

According to the Statistics Institute, the prices of 21 commodities, including cooking oil, electricity, petroleum products, remained stable during this week.