Canada Global(Web News) Due to government initiatives, the effects of the dollar and petroleum product price reduction are still being felt and the inflation rate has recorded a decrease of 0.33% during the recent week.
The annual inflation rate has also come down to 29.65%.
According to the weekly report on inflation released by the Federal Statistical Office, 14 items became expensive and 17 items became cheaper during this week.
Potatoes, tomatoes, eggs, pulses, groundnuts, salt, garlic, meat and cigarettes became expensive while prices of pulses recorded a decline. The price of dal mash, dal chana, dal masoor decreased by an average of Rs 8 per kg.
Similarly, chicken was reduced by Rs 36, LPG cylinder by Rs 50 while the price of sugar per kg decreased by Rs 3.
According to the report, a 20 kg bag of flour became cheaper by 44 rupees 36 paise in a week. Rice, onion, sugar, jaggery and bananas also became cheaper. Prices of 20 commodities including fresh milk, curd and dry milk remained stable.
According to the report of the Federal Bureau of Statistics, the inflation rate for the income group up to 17 thousand 732 rupees per month on an annual basis during the recent week was 28.66 percent.
Inflation rate was recorded at 28.67 percent for the group with monthly income of 17 thousand 733 to 22 thousand 888 rupees, while the rate of inflation was 0.09 percent for the group with monthly income of 22 thousand 889 to 29 thousand 517 rupees.
