According to figures released by the Pakistan Bureau of Statistics (PBS) on Monday, inflation in Pakistan dropped to 4.9% year-on-year in November 2024, down from 7.2% in October, beating official estimates and reaching its lowest level in six-and-a-half years.
November’s Consumer Price Index (CPI)-based inflation increased by 0.5% month over month, while October’s and November 2023’s increases were 1.2% and 2.7%, respectively.
The average headline inflation rate for the first five months of FY2025 was 7.88%, which is significantly less than the 28.62% rate for the same time in FY2024.
A notable cooling of pricing pressures was indicated by the November figure, which likewise fell well short of official projections.
In its monthly economic report, the finance ministry stated last month that inflation will likely decrease to 5.8% to 6.8%.
