Abb Takk News

Inflation Eases To 8.3pc in November

ISLAMABAD: Pakistan’s CPI inflation reduced to 8.3 per cent in November from 8.9pc in October due to a slight drop in the price of perishable products, according to the Pakistan Bureau of Statistics (PBS).

Inflation was recorded at 12.7pc in November 2019, showed data released by the PBS. On a month-on-month basis, it increased by 0.8pc in November as against an increase of 1.3pc in the same month last year.

In urban areas, inflation increased by 7.0pc on a year-on-year basis in November as compared to an increase of 7.3pc in the previous month and 12.1pc in November 2019. On a month-on-month basis, it increased by 0.6pc in November 2020 as compared to an increase of 1.3pc in the previous month and an increase of 1.0pc in November 2019.