Weekly inflation eases 0.52 per cent as prices of 15 essential items decline

Weekly inflation in Pakistan eased by 0.52 per cent in one week, while on an annual basis, the inflation was recorded up by over 12 per cent in the week ending September 19.

According to the Pakistan Bureau of Statistics (PBS), which calculates short term inflation through the sensitive price indicator revealed price movements for essential food items witnessed in the week under observation.

The prices of 51 essential items were analysed in different cities across the country and it was revealed that prices of 17 items increased in Pakistan, while prices of 15 items declined and prices of 19 items remained almost unchanged.

Looking at the data released by the PBS, a major reduction was seen in the price of diesel, onions, petrol, sugar, and tomatoes.

On the other hand, pulse gramme, chicken, cooked daal, cooked beef, and shirting.

Cement prices also reduced in the country as the rate for 50 kg cement bag was recorded at Rs1,466, about 22.85 per cent more than the previous year.

Furthermore, yearly SPI for the lowest-income group has increased by more than 9 per cent.