The Federal Bureau of Statistics said that Pakistan's consumer price index rose by 9.75% YoY in December 2011 from a year earlier. CPI was down by 0.70% MoM over November 2011.

An expert said that "Adequate food supply and higher base resulted in low inflation and we believe that the full year average CPI to remain below the government's target of 12%."

Another analyzed said that "The decline month on month is mainly due to a steep decline in food prices, however going forward inflation is likely to start creeping up again."

Average inflation from July to December 2011-12 fiscal year rose by 10.87% from July to December 2010-11 fiscal year.

(Sourced from www.reuters.com)