Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan’s Inflation Drops to 4.9% in November 2024, Marking Six-Year Low
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan Inflation
PhotoNews Pakistan > Business > Pakistan’s Inflation Drops to 4.9% in November 2024, Marking Six-Year Low
Business

Pakistan’s Inflation Drops to 4.9% in November 2024, Marking Six-Year Low

Web Desk
By Web Desk Published December 2, 2024 2 Min Read
Share
Pakistan inflation. Photo: Business Recorder
SHARE

Pakistan’s inflation rate slowed to 4.9% year-on-year in November 2024, according to data released by the Pakistan Bureau of Statistics (PBS). This marks a significant decrease from 7.2% in October, representing the lowest level in six-and-a-half years.

"مہنگائی میں مسلسل کمی کارجحان مسلم لیگ ن کا خوشحال پاکستان"

⚡صرف ایک سال میں مہنگائی کی شرح
31 فیصد سے 4.9 فیصد پر پہنچ گئی pic.twitter.com/xvZx5KG5zV

— PMLN (@pmln_org) December 2, 2024

On a month-on-month basis, the Consumer Price Index (CPI)-based inflation rose by 0.5% in November, a slowdown from 1.2% in October and 2.7% in November 2023.

The average inflation for the first five months of FY2025 stood at 7.88%, sharply lower than 28.62% in the same period last year, signalling a clear reduction in price pressures.

Topline Securities noted that November’s inflation figure was the lowest in 78 months, dating back to April 2018. The reading was well below official projections, signalling a significant cooling in inflation.

Earlier in November, the finance ministry projected inflation to slow to 5.8% and 6.8%, with expectations for further decline to 5.6% to 6.5% in December.

In response to the cooling inflation, the State Bank of Pakistan (SBP) reduced interest rates by 250 basis points earlier in November to stimulate the economy. The decline in inflation allows the central bank to continue its monetary easing strategy.

CPI for the month of Nov’24 clocked-in at 4.9% YoY (Lowest since Apr’18) compared to 7.2% in Oct’24. This takes 5MFY25 average inflation to 7.9% (5MFY24: 28.6%).#PBS #Inflation #Pakistan #Economy #AHL pic.twitter.com/oxHGJyJELp

— Arif Habib Limited (@ArifHabibLtd) December 2, 2024

Since June, the SBP has reduced the benchmark interest rate by 700 basis points, bringing it down to 15% in November. Economists expect further cuts, with the Bloomberg survey predicting a reduction to 13.5% by June 2025.

Pakistan’s headline inflation clocked in at 4.9% on a year-on-year basis in November 2024, lower than the reading in October 2024 when it stood at 7.2%, showed Pakistan Bureau of Statistics (PBS) data on Monday.

Read more: https://t.co/ABLyIOmY3j#Inflation #Pakistan pic.twitter.com/QNfaYhcaAW

— Business Recorder (@brecordernews) December 2, 2024

October’s inflation had dropped to 7.2% from a high of nearly 40% in May 2023. In September 2024, it was slightly higher at 6.9%.

The central bank has said that inflation may continue to ease due to subdued demand and better food supplies. Meanwhile, the International Monetary Fund has forecasted average inflation of 9.5% for 2024.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Pakistan IMF agreement october 2025

Pakistan and IMF Near Staff-Level Agreement in 2025 Review Talks

Trump Netanyahu Gaza

Trump Says Gaza Peace Deal Very Close as Hamas Shares Hostage List

India cough syrup deaths

India Bans Respifresh, RELIFE Cough Syrups After 17 Child Deaths

Post Archives

More Popular from Photonews

Trump birthright citizenship ruling 2025
Top NewsWorld

Trump’s Birthright Citizenship Order Deemed Unconstitutional

3 Min Read
Trump UFC White House 2026
Sports

Trump Plans UFC Fight at White House for His 80th Birthday in 2026

2 Min Read
A Knight of the Seven Kingdoms
Entertainment

A Knight of the Seven Kingdoms First Look: HBO Series Preview 2026

2 Min Read
Top NewsWorld

Israel-Hamas Indirect Talks in Egypt Advance Trump’s Gaza Peace Plan

Delegations from Israel and Hamas launched indirect negotiations in Egypt’s Sharm el-Sheikh on October 6, 2025,…

October 7, 2025
Sindh

Karachi Court Sends Weed Cultivation Suspect to Jail on Judicial Remand

On October 8, 2025, a magisterial court in Karachi placed Salman, who is accused of cultivating…

October 8, 2025
Khyber Pakhtunkhwa

Pakistan PTI Activist Sanam Javed Allegedly Kidnapped, FIR Registered

Peshawar police registered a First Information Report (FIR) at Sharqi Police Station concerning the alleged kidnapping…

October 7, 2025
Offbeat

Kai Trump Faces Backclash from Swifties Over Merch Logo

Kai Trump, granddaughter of President Donald Trump, launched her Tru Kolors merchandise line on September 28,…

October 3, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?