Pakistan’s Inflation Moderates to 6.1% in November 2025
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Pakistan’s inflation rate continued its downward trend in November 2025, registering a 6.1% increase year-on-year, according to a report released today by the Pakistan Bureau of Statistics (PBS). This figure is slightly lower than the 6.2% recorded in October 2025. While inflation remains a concern, the latest data indicates a sustained easing from the nearly 30% peak experienced a year ago.
Inflation Trends: A Detailed Look
The PBS report details both year-on-year (YoY) and month-on-month (MoM) inflation figures:
* Year-on-Year (YoY): General inflation increased by 6.1% in November 2025, compared to 4.8% in October and 7.3% in November 2024.
* Month-on-Month (MoM): Inflation rose by 0.4% in November 2025, a decrease from the 1.8% jump seen in October and the 1% increase in November 2024.
* Sensitive Price Index (SPI): SPI inflation increased by 4.2% YoY in November 2025, down from 4.8% the previous month and 7.3% in November 2024. MoM SPI inflation was 0.4% compared to 0.9% in October and 1% in November 2024.
these figures suggest a continuing deceleration in the rate of price increases across the economy.
Factors Influencing Inflation
Several factors are contributing to the easing of inflation in Pakistan. The finance ministry had predicted inflation would remain within the 5-6% range for November, citing improved crop yields and falling fuel costs. However, the report also acknowledges that temporary supply disruptions and the lingering effects of previous flood damage continue to contribute to volatility in food prices.
State Bank of Pakistan’s Monetary Policy
The recent inflation data comes after the State Bank of Pakistan (SBP) decided to maintain its key policy rate at 11%. The SBP anticipates that inflation will remain above its target range of 5-7% for the next few months before beginning to decline in the next fiscal year. This cautious approach reflects the central bank’s commitment to price stability while also supporting economic growth.
Key Takeaways
* Pakistan’s inflation rate in November 2025 is 6.1% year-on-year, a decrease from previous months.
* Month-on-month inflation is slowing down, indicating a broader trend of easing price pressures.
* Food prices remain volatile due to supply shocks and past flood damage.
* The SBP has held its policy rate steady at 11%, expecting inflation to gradually decrease in the coming year.
looking Ahead
While the current inflation figures are encouraging, sustained price stability will require continued vigilance and effective policy measures. Monitoring global commodity prices, managing supply chain disruptions, and implementing structural reforms will be crucial for ensuring that Pakistan maintains its progress towards a more stable economic habitat. The SBP’s projections suggest a gradual easing of inflation in the next fiscal year, but ongoing monitoring and proactive policy adjustments will be essential to achieve this goal.
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