Pakistan Nov inflation at 23-month low

ISLAMABAD: Pakistan’s November CPI inflation surprisingly falls to 10.19% down from last month CPI of 10.97%. This has happened after 23-months as last time such a low number was seen in December, 2009.

On MoM basis, inflation number after a gap of 5-months came below 1% to stand around 0.3%, while 5MFY12 CPI average stood at 11.1%, down 300bps as compared to 14.1% in the corresponding period last year.

The decline is primarily attributed to high base effect of last year along with effects of Eid and Sindh floods.

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