Macro Analysis /

Pakistan Economy - CPI rises sharply to 11.5%, beating consensus

  • November CPI clocked in at 11.5% (vs. 9.2% in October) – highest reading since February 2020

  • Broad based spike in prices was seen – both food and non-food inflation contributed

  • We expect CPI to remain upward sticky in the near term – reinforces our outlook for greater monetary tightening

Saad Ali
Saad Ali

Head of Research

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
30 November 2021