An increase in consumer prices continued as inflation rises up to 11.5 per cent from 9.2 per cent in November, the highest increase in the past 20 months due to a record hike in fuel prices last month, reports Dawn. This has been revealed by Pakistan Bureau of Statistics (PBS) data.
Inflation measured by the Consumer Price Index (CPI) increased to its highest level in 20 months.
Prices of fresh vegetables, fruits, and meat have also shown a significant increase in major urban and rural centres.
The average inflation during the July-November period rose to 9.32 per cent on a yearly basis.
Currently, the government aims to increase agriculture productivity for food security and self-sufficiency to counter food inflation by offering Agri-loans.
The finance division in its recent report claimed that taking into account new price impulses in November and the low base effect, inflation would remain between 8.5 and 9.5 per cent, but the November inflation has already surpassed the projected figure.
