November saw the highest inflation rate in 20 months at 11.5 percent

A record rise in fuel prices last month influenced the unprecedented rise in consumer prices in November, the Pakistan Bureau of Statistics (PBS) reported on Tuesday. Inflation jumped up to 11.5% from 9.2%, the highest increase in the past 20 months.

The depreciation of the rupee fueled import-led inflation. According to the Consumer Price Index (CPI), inflation increased to its highest level in 20 months during the period when global oil prices continued to rise steadily, undermining earlier gains.

Fresh vegetables, fruits, and meat prices have also trended upward in major urban and rural centres.

A year-over-year increase of 9.32pc in inflation was recorded during the period of July-November.

Originally Published In Dawn