The country’s year-on-year inflation stood at seven per cent in August, according to Pakistan Bureau of Statistics.
Inflation was 7.9pc in July and 8.5pc in August, 2013. The falling trend in prices of essential goods shows that the inflation in the next few months will decelerate further.
The government has lowered the prices of petroleum products, which may lead to further let-up in inflation this month. The government had kept the prices of petroleum products unchanged for the last three months.
Experts say improvement in supply of essential food items, especially vegetable, will help to reduce food prices. Average inflation during the last fiscal year was 8.62pc.
Year-on-year core inflation, which is non-food and non-energy inflation, stood at 7.9pc in August. On a month-on-month basis, it increased by 0.2pc.
