Prices of 23 essential items rise despite slight easing in inflation

Prices of 23 essential items rise despite slight easing in inflation
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Summary Prices of 23 essential commodities increased in Pakistan during the latest reported week, while seven fell and 21 remained unchanged, despite a slight easing in inflation.

ISLAMABAD (Dunya News) – Prices of 23 essential commodities increased in Pakistan during the week ended October 16, while seven items became cheaper and 21 remained unchanged, according to the Pakistan Bureau of Statistics (PBS).

The latest weekly report showed a marginal easing in the pace of inflation after nine consecutive weeks of increases. The rate of inflation declined by 0.04 percentage points during the week, while year-on-year inflation eased to 11.38%.

Despite the slight improvement in the overall inflation indicators, the increase in prices of essential commodities continued to put pressure on household budgets.

The weekly figures indicate that price movements remained mixed, with more commodities becoming expensive than cheaper during the period.

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