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Pakistan records highest inflation in 20 months in November

December 01, 2021 04:22 PM

Islamabad, Pakistan recorded highest inflation in November, seen in past 20 months. The inflation rate has increased from 9.2 to 11.5 per cent due to a record hike in fuel prices last month, according to Pakistan Bureau of Statistics (PBS) data.

According to a report by Dawn, inflation measured by the Consumer Price Index (CPI) increased to its highest level in 20 months — the period when global oil prices kept rising steadily undermining earlier gains.

The prices of fruits, vegetables and meat also continued to increase in major urban and rural areas.

In its recent report, the finance ministry had claimed that inflation would remain between 8.5 and 9.5 per cent.

Food inflation is still at a higher level as in urban areas it jumped by 11.9 respectively in November on a yearly basis and 3.9 per cent on a monthly basis, the Pakistan daily reported.

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