Ending on December 15, the wholesale price-based inflation slew down to 3.45 percent from the initial 3.65 of last week. Prices dropped largely because of textile products among others, in spite of which inflation count is below the central bank's expected target of 5 percent.
The wholesale price index stood firm at 215.6 point in the week. Even though inflation has showed a steady trend, experts believe that the central bank is unlikely to change the interest rates on grounds that consumers may meet inflationary situation in the future.
Prices of textile products fell by 5.9 percent and cotton yarn in particular by 7.7 percent. Manufactured products marked 53.75 percent on the price index recording a drop of 0.2 percent, while prices of fuels and power continued to remain stable. Oil prices are also high because of upheaval in the Middle East.
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