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Pakistan Economy: Nov’25 NCPI Preview – By Taurus Research

Taurus Securities
  • We expect headline inflation for Nov’25 to decline to 5.8%YoY, registering only a marginal uptick on a sequential basis. Accordingly, FY26 TD NCPI is expected to touchdown at 4.94%YoY.
  • Wherein, taking cue from the pricing trends witnessed for the basket of items forming the Sensitive Price Index, the national index for perishable food items is expected to post a MoM drop of 8% on the back of normalizing food prices for items like Onions & Tomatoes and stable MoM prices for Wheat.