CPI inflation clocks in at 4.9pc for November — lowest in 6.5 years

Pakistan’s annual consumer price index inflation rate was 4.9 per cent in November, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The reading reinforced months of easing inflation — which hit a historic high of 38pc last year — ahead of a meeting of the State Bank of Pakistan (SBP)’s Monetary Policy Committee meeting on December 16 to review the policy rate, which stands at 15pc. CPI inflation General decreased to 4.9pc on year-on-year basis in November 2024 as compared to 7.2pc in the previous month and 29.2pc in November 2023, the PBS said. On month-on-month (MoM) basis, it was noted that it increased by 0.5pc in November as compared to an increase of 1.2pc in the previous month.