KARACHI: Pakistan’s inflation edged lower in November to 6.1%, official data showed on Monday, easing slightly after a jump last month and staying within the finance ministry’s projected range.
Price rises were a touch lower than October’s 6.2%, the Pakistan Bureau of Statistics said. On a month-on-month basis, inflation was 0.4 percent after a 1.8% jump in October.
Inflation has come down from nearly 30% a year ago, though temporary supply shocks and earlier flood damage have kept food prices volatile.
The finance ministry last week said inflation was expected to remain in the 5%–6% band in November, citing better crop arrivals and moderating fuel costs.
The reading follows the State Bank of Pakistan’s decision to hold its key policy rate at 11%, with the central bank saying inflation would stay above its 5%–7% target range for a few more months before easing next fiscal year.
