TRADE & ECONOMY
Pakistan’s inflation edged lower in November 2025, rising 6.1% year-on-year (YoY), according to the Pakistan Bureau of Statistics (PBS). The figure marks a slight easing after a jump to 6.24% in October and remains within the finance ministry’s projected 5-6% range.
On a month-on-month (MoM) basis, inflation increased by 0.4% in November, down from a 1.8% rise in October. The Sensitive Price Index (SPI) inflation also moderated, showing a 4.2% YoY increase, compared with 4.8% in October and 7.3% in November 2024.
Food items and energy costs were key drivers behind last month’s volatility, though overall prices have eased from nearly 30% a year ago. Temporary supply shocks and lingering effects from prior flood damage have kept food prices unstable.
The finance ministry recently noted that better crop arrivals and moderating fuel costs contributed to the easing trend, expecting inflation to remain in the 5-6% band for November.
This reading comes after the State Bank of Pakistan held its key policy rate at 11%, indicating that inflation is likely to remain above the central bank’s 5-7% target range for several more months before easing next fiscal year.
Economists highlight that while the moderation is welcome, ongoing monitoring of food and energy markets will be crucial to prevent sudden spikes in consumer prices.