Weekly Inflation in Pakistan Slips 0.16%

Pakistan’s weekly inflation rate recorded a slight decline of 0.16 percent, according to the latest data released by the Pakistan Bureau of Statistics (PBS). On a year-on-year basis, inflation now stands at 3.95 percent.

The PBS report noted that prices of 17 essential items rose over the past week, while 11 saw a decrease.

Tomatoes registered the sharpest increase at 9.04 percent, followed by eggs at 0.88 percent and flour at 0.76 percent. Jaggery rose by 0.64 percent, powdered milk by 0.58 percent, washing soap by 0.47 percent, and mutton by 0.40 percent. Prices of ghee, cooking oil, and fresh milk also saw an uptick.

On the flip side, chicken prices dropped sharply by 12.46 percent, bananas fell by 4.22 percent, and potatoes by 2.44 percent.