ISLAMABAD  –  Experts and business community here on Wednesday welcomed the decrease in inflation to single digit saying that if the trend continues it would boost economic activities and enhance purchasing power of the common people.“The decreasing trend in the international oil prices, reduction in the interest rates by State Bank of Pakistan are some of the reasons that helped decrease inflation domestically,” Former Finance Minister and newly elected Chairman Lahore Stock Exchange, Dr. Salman Shah told APP. He was of the view that if the trend of declining inflation continues, it will benefit the people, boost investment and economic activities in the country.Shah observed that the inflation could go further come down if the oil prices in the international market go down. Meanwhile, commenting on single digit inflation, Director PakistanInstitution of Development Economics (PIDE) Dr. Abdul Qayyum said that the inflation has come after holy month of Ramazan as the prices went up in the month.He was of the view that increase in oil prices at international market may affect the inflation in the country adding that if the prices of oil go down, if would help further reduction in inflation domestically.On the other hand, business community expressed mixed reaction over decreasing of Consumer Price Index (CPI) in August to single digit.President Rawalpindi Chamber of Commerce and Industry called for taking further measures for the socio-economic welfare of the common man in the country.However, the Islamabad Chamber of Commerce and Industry (ICCI), Yassir Sakhi Butt was of the view that the inflation rate declined apparently but claimed that it would have no positive impact if the trend discontinues. He said that international oil prices would have strong impact on the over all inflation in the country. Zaheer Ahmed a stock market analyst said that decrease in the inflation to single degit to benefit overall economy and investments in the country. “This will also benefit the private sector business in the country”, he said.