Inflation is slowly decreasing in the country, with a slight drop reported in month-on-month figures.
The Pakistan Bureau of Statistics (PBS) stated that the inflation rate in April was 17.3%, which is 0.4% lower than before. In March, inflation was 20.7%, and in April last year, it was as high as 36.4%.
From July to April of this financial year, the average inflation rate was 25.97%. In urban areas, inflation fell by 0.1% to 19.4%, while in rural areas it dropped by 0.9% to 14.5%.
The PBS also mentioned that prices for several food items went down in urban areas during April. Onions dropped by 15.8%, vegetables by 12%, wheat by 10.44%, and wheat flour by about 10%. Tomatoes got cheaper by 6.23%, and eggs by 4.30%.
However, some items became more expensive. Live broiler chicken prices shot up by 21.38%, fish by 2.5%, and meat by 2%. Other things like dry milk, bakery items, daal maash, rice, and milk products also saw price increases.
Year-over-year, food items are now 9.67% more expensive, and perishable foods rose by 28.51%. Housing, water, electricity, gas, and fuel costs increased by 35.67% over the year. Health care costs went up by 18.61%, and education costs rose by 15.40%. Transport fares increased by 12.48%.
