Inflation continues to decline
Experts have highlighted two major reasons for Pakistan’s record-high inflation reading of 36.4% in April: the sharp devaluation of the Pakistani rupee against the US dollar and the global rise in commodity prices. Photo: file
A declining trend in the prices of the essential commodities continued for a second consecutive week as the weekly inflation came down by 0.42%, while it reduced to 45.49% on an annual basis.
According to the data of the week ending on May 26 released by the Pakistan Bureau of Statistics (PBS), the prices of 18 essential commodities went up, 16 went down, and 17 remained stable.
In terms of the Sensitive Price Indicator (SPI) on an annual basis, the rate of inflation was 41.74% for the people in the income group of up to Rs17,732 per month. The rate went up to 45.46% for those earning up to Rs22,888 per month.
Similarly, it was 44.77% for the income group of up to Rs29,517 per month; 44.63% for the income up to Rs44,175 per month and 46.68% for the group having the income of more than Rs44,176 per month.