Inflation in Pakistan recorded a slight decline in November 2025, reflecting a marginal easing in price pressures on a year-on-year basis. According to the latest Monthly Economic Update and Outlook, Consumer Price Index (CPI) inflation stood at 6.1 percent in November 2025, compared to 6.2 percent in October 2025. However, inflation remained higher than the 4.9 percent recorded in November 2024, indicating persistent cost pressures across several consumer segments.
On a month-on-month basis, CPI inflation increased by 0.4 percent in November 2025. This rise was significantly lower than the 1.8 percent increase recorded in the previous month and slightly below the 0.5 percent increase observed in November 2024. The moderation in monthly inflation suggests some stabilization in prices, particularly in food-related items, despite ongoing pressures in other categories.
Year-on-year inflation in November was primarily driven by higher prices in education, which recorded an increase of 9.0 percent, followed by health at 8.3 percent. Non-perishable food items saw an increase of 7.3 percent, while clothing and footwear prices rose by 6.5 percent. Transport inflation stood at 6.1 percent, reflecting fuel and mobility-related costs, while prices in restaurants and hotels increased by 5.3 percent.
Housing, water, electricity, gas, and fuels also recorded a 5.3 percent increase, highlighting continued pressures on household utility expenses. Alcoholic beverages and tobacco prices rose by 4.5 percent, while furnishing and household equipment maintenance increased by 3.5 percent. Communication registered a modest increase of 0.6 percent during the period.
In contrast, some categories experienced a decline in prices, helping offset overall inflation. Recreation and culture prices fell by 4.1 percent, while perishable food items recorded a decline of 3.7 percent on a year-on-year basis. The reduction in perishable food prices provided some relief to consumers and contributed to the overall moderation in headline inflation.
Short-term price movements also reflected easing trends. The Sensitive Price Indicator (SPI) for the week ending December 24, 2025, declined by 0.09 percent. During the week, prices of 13 items increased, 11 items decreased, and 27 items remained unchanged, indicating relative stability in essential consumer goods.
Overall, the inflation data for November 2025 points to a gradual easing of price pressures, supported by lower food inflation and stable weekly prices. However, elevated costs in education, health, and utilities continue to weigh on household budgets, suggesting that inflation risks remain uneven across sectors.
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