Country’s inflation rate shows decline last week: FBS

ISLAMABAD: The inflation rate in the country has decreased in the previous week, according to the Federal Bureau of Statistics (FBS).

According to the Federal Bureau of Statistics report, the rate of inflation in the country has decreased for the second week as well, and the rate of inflation has decreased by 1.34% in the current week.

While the rate of inflation had decreased by 0.2% in the previous week.

The report said that the annual inflation rate has also decreased from 5.03% to 4.17% in the current week.

According to the Federal Bureau of Statistics, the prices of 18 essential commodities, including rice, eggs, mutton, firewood, ghee, pulses, and moong, increased last week.

The prices of 14 essential commodities decreased, and the prices of 19 essential commodities remained stable.

The report said that in the recent week, the price of high-speed diesel has increased by 1.06 percent, rice by 0.84 percent, eggs by 0.91 percent, beef by 0.42 percent, mutton by 0.31 percent, vegetable ghee by 0.25 percent, energy saver by 0.23 percent, and moong dal by 0.10 percent.

Similarly, in the recent week, the prices of 14 essential commodities have decreased, onion by 1.17 percent, tomato by 23.11 percent, flour by 2.60 percent, bananas by 5.07 percent, lentils by 0.64 percent, lentils by 0.47 percent, garlic by 0.46 percent and chicken by 12.74 percent.

The statistics show that during the recent week, the annual inflation rate for the group with an income of up to Rs 17,732 per month in terms of price sensitive decimals was recorded at 3.82 percent, down 1.43 percent, for the group with an income of Rs 17,733 to Rs 22,888 per month, the inflation rate was recorded at 4.02 percent, down 1.59 percent, for the group with an income of Rs 22,889 to Rs 29,517 per month, the inflation rate was recorded at 4.89 percent, down 1.34 percent.

According to the Federal Bureau of Statistics, the rate of inflation for the group with an income of Rs. 29,518 to Rs. 44,175 per month was 4.97 percent, down 1.31 percent, and for the group with an income of more than Rs. 44,176 per month, the rate of inflation was 3.47 percent, down 1.23 percent.