Inflation rate reaches 43.79% as Prices Fluctuate

Islamabad, Jan 28: The overall inflation rate in the country has witnessed a decline, settling at 43.79%, with prices of 15 items increasing and 13 items decreasing within a week, according to data released by the Federal Bureau of Statistics.

The weekly inflation report indicates a 0.14% decrease in the inflation rate over the past week. In this period, 15 items, including sugar, pulses, and eggs, experienced a price hike, while the prices of 13 items, such as tomatoes, potatoes, and onions, decreased. Prices of 23 items remained stable.

In the recent week, sugar, pulses, and eggs saw an increase in prices, with live chicken becoming costlier by Rs. Additionally, the price of chicken rose by 3.31%, jaggery by 1%, tea by 0.92%, dal mong by 0.80%, and eggs by 0.43%.

Moreover, a domestic LPG cylinder's price surged by Rs. 10, and a 20 kg flour bag became costlier by Rs. 5, reaching Rs. 2,817. Conversely, tomato prices witnessed a decline of 14.14%, potatoes by 5%, onions by 1.64%, and tea leaf by 1.2%. Stable prices were reported for 23 commodities, including rice, milk powder, curd, and salt.

Meanwhile, the international fluctuations in gold prices impacted the local market, resulting in a significant decrease. The new price for one tola of gold stands at Rs. 2,13,900, following a decrease of 12 dollars per ounce in the world market. The price for ten grams of gold has decreased by Rs. 257, reaching Rs. 1,83,385.

This shift comes after a previous increase in the price of gold per tola by Rs. 400, reaching Rs. 2,14,200. Similarly, the price for ten grams of gold had increased by Rs. 342, reaching Rs. 1,83,642.