Pakistan’s annual inflation rate for November 2025 was recorded at 6.1 percent. According to the Pakistan Bureau of Statistics (PBS), this figure is higher than the Ministry of Finance’s estimate of 5 to 6 percent.
In October 2025, the Consumer Price Index (CPI) stood at 6.2 percent, while in November 2024 it was 4.9 percent. On a monthly basis, inflation rose by 0.4 percent in November 2025, lower than the previous month’s 1.8 percent and also below the 0.5 percent recorded in November 2024.
During the first five months (July to November) of fiscal year 2025–26, the average inflation rate was 5.01 percent, down from 7.88 percent in the same period last year.
In urban areas, CPI inflation stood at 6.1 percent year-on-year in November 2025, while it reached 6.3 percent in rural areas. Monthly inflation in rural regions was only 0.2 percent, significantly lower than 2.3 percent in the previous month and 0.5 percent last year.
In its monthly report, the Ministry of Finance stated that inflation in November was expected to remain within the 5 to 6 percent range due to pressure on food prices and agricultural output.
However, brokerage houses have projected a rise in inflation, predicting that the annual rate may reach between 6.5 and 7 percent.
It is worth noting that last week State Bank Governor Jameel Ahmed said inflation is in line with the central bank’s forecasts and is expected to stay within the medium-term target range of 5 to 7 percent.
