Business

Weekly inflation rises 0.15%, annual rate reaches 9.11%

ISLAMABAD: Weekly inflation in Pakistan increased by 0.15% during the latest week, taking the overall annual inflation rate to 9.11%, according to data released by the Pakistan Bureau of Statistics (PBS).

The statistics agency issued its weekly inflation report, showing mixed price trends for essential commodities.

According to the report, prices of 20 essential items increased during the week, while nine items became cheaper. Prices of 22 commodities remained unchanged.

Onion recorded the sharpest increase, with its price rising by 24.68% in one week. The price of gram lentils also increased by 3.35%.

Chicken became 2.45% more expensive during the week. Prices of several other household essentials, including yogurt, garlic and tea, also recorded increases.

The report showed that some major commodities became cheaper. Tomato prices declined by 1.26% during the week.

Petroleum prices also decreased. Petrol became 2.35% cheaper, while diesel prices fell by 0.29%.

The prices of sugar, eggs and potatoes also recorded declines during the week.

The latest figures indicate continued fluctuations in the prices of essential commodities. While several food items became more expensive, reductions in petroleum prices and some food products provided some relief to consumers.

The weekly inflation figures are closely monitored as they reflect short-term changes in the prices of goods commonly purchased by households. The annual inflation rate, meanwhile, provides a broader picture of price increases across the economy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button