Weekly inflation declined by 0.54 percent despite increased demand during ramazan, bringing the overall annual inflation rate down to 4.23 percent, according to the latest report released by the Pakistan Bureau of Statistics.

The weekly report noted that price pressures eased even during the holy month, when food demand typically rises. However, the relief was mixed as prices of 13 essential items increased over the past week, while 14 items became cheaper and 24 remained stable.

Among the items that saw price hikes, bananas became 4.49 percent more expensive. Garlic prices increased by 0.81 percent, while mutton rose by 0.63 percent. Yogurt, mash pulse, beef and powdered milk also recorded price increases.

On the other hand, significant relief was observed in vegetable prices. Tomatoes registered a sharp decline of 29.67 percent in one week. Potatoes fell by 10.62 percent, and chicken prices dropped by 9.03 percent. Onions became cheaper by 7.44 percent, while eggs recorded a decline of 3.43 percent.

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The report further stated that prices of flour and sugar also witnessed a decrease during the review period, providing some relief to consumers.

Economists say the continued slowdown in inflation reflects improved supply management and relatively stable commodity markets. However, they caution that price volatility in essential food items remains a concern during ramazan.