Pakistan inflation rate slows to 11.38 percent amid rising commodity prices

According to the latest weekly report from the Federal Bureau of Statistics, Pakistan has seen a slight decrease in the rate of inflation, which dropped by 0.04 percent to reach an annual rate of 11.38 percent. This follows nine consecutive weeks of rising inflation.

Despite the overall slowdown in the rate of increase, the prices of 23 essential commodities rose during the week, while seven items became cheaper and 21 remained stable. Notable price increases include chicken (3.31 percent), flour (3.36 percent), and various pulses such as Chana dal (4.97 percent). Fuel and energy costs also saw rises, with LPG increasing by 0.42 percent and diesel by 0.47 percent.

Conversely, several items saw price reductions, most notably tomatoes, which dropped by 23.05 percent, followed by onions (4.90 percent), bananas (2.59 percent), and petrol (0.70 percent).

The report also detailed inflation rates across different income brackets. For those earning above 44,176 rupees per month, the inflation rate decreased by 0.06 percent to 12.09 percent. Other income groups experienced varying minor decreases in their respective inflation rates.