In November 2024, Pakistan’s Consumer Price Index (CPI) inflation recorded a significant drop to 4.9%, marking the lowest rate in 6.5 years. This decrease signals a continued easing trend from the peak of 38% last year. Compared to 7.2% in October and 29.2% in the same month of 2023, the decline showcases the effectiveness of economic measures. However, on a month-to-month basis, inflation increased by 0.5%.
The current inflation reduction aligns with the State Bank of Pakistan’s aim to bring inflation to a target range of 5-7% by 2025, ensuring greater macroeconomic stability. Despite the low reading, key essentials like pulses, milk powder, and meat saw noticeable price hikes.
