Pakistan’s inflation declines to 4.9% in Nov, lowest in 6 years

Pakistan’s inflation rate slowed to 4.9% in November – marking the lowest price rise since April 2018 –  according to the latest data from the Pakistan Bureau of Statistics (PBS).

The figure is well within the central bank’s target range of 5-7%, offering a glimmer of relief to consumers after a prolonged period of high inflation.

The consumer price index (CPI) reading for November represents a significant decline compared to 7.2% in October 2024 and a staggering 29.2% in the same month last year. While market expectations had anticipated a slight dip to 4.7%, the actual reading was marginally higher at 4.9%.

The data revealed that the average yearly inflation for the first five months of FY25 stands at 7.94%, a sharp decline from 28.62% recorded during the same period in FY24.

Every month, CPI rose by 0.5% in November, compared to 1.23% in October and 2.7% in November 2023, indicating a more gradual increase in prices over the past month.