Politics
Inflation Watchers Drop Across Pakistan In February 2020, PBS Reveals
ISLAMABAD: The Pakistan Bureau of Statistics (PBS) released data on the price sensitive index on Monday showing a drop of more than one percent in inflation across the country during the last week of February 2020, with 11 household items witnessing lower prices, ARY NEWS reported.
The sensitive price index for the week ended February 27, published by PBS, covered 17 urban centers and 51 essential items for all spending groups to determine inflation rates.
A PBS report was also presented to Prime Minister Imran Khan.
the the clue showed that the inflation rate in the last week of February 2019 remained at 14.60 for all income groups and experienced a decline of 1.16% during the same period of the current year.
The staple foods that experienced lower prices included 83% lower potatoes, 60% tomatoes, 26% eggs, 11% vegetables and 5% flour.
"Liquefied petroleum gas (LPG) and electricity prices fell 13% last week, mainly due to the Prime Minister's decision to pass the benefits of low fuel prices on to the masses. on the international market, "he said. up to 55 percent.
The onion saw the largest price increase with an increase of 145%, followed by the moong vegetable with 89%, vegetable ghee 33%, bananas 30%, beef and milk up to 9%.
"Fruits and pulses also increased by 4 and 2 percent, respectively," said the report.
Read more: The government will bring a complete mechanism to control inflation: SAPM Awan
On February 20, Governor of the State Bank of Pakistan (SBP), Reza Baqir, said the country would experience lower inflation in the coming months.
With falling inflation, its effects on the market will also be felt in the coming days, he said in a speech to the city's CEO CEO.
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