Inflation rate in the economy down by 2%
Pakistan’s Sensitive Price Index, the most accurate indicator to measure increase in prices of essential items, showed the lowest increase in prices in the last 14 months, Minister for Planning and Development Asad Umar confirmed on Friday.
For the first time in more than a year, the index showed a single digit increase of 9.27%, he tweeted. This meant that the inflation rate in the economy went down by 2%.
Sensitive price index increase falls to 9.27%. This is the first time in more than a year that it has fallen into single digit and is the lowest increase in 14 months. The sensitive price index is the most accurate measure for calculating the price increase of essential items— Asad Umar (@Asad_Umar) April 3, 2020
According to the Pakistan Bureau of Statistics, prices of 14 essential items decreased, 13 commodities got expensive and prices of 24 remained constant.
Following this, tomatoes are 20% cheaper and onions have fallen 4.75%. Items such as milk, yoghurt and eggs have become cheaper too.
On the other hand, prices of lentils, sugar and meat have surged.