*ISLAMABAD – Prime Minister Imran Khan has convened a high level meetingtoday (Thursday) to counter the rising inflation in the country.*

The PM has summoned the Chief Minister of Punjab and the CM KhyberPakhtunkhwa in the meeting.

Meanwhile, top officials from the federal and provincial governments wouldalso attend the meeting.

The provincial ministers are also expected to brief PM on measures taken tocontrol inflation. The premier will be informed of the progress made insetting up of Price Control Authority in the provinces.

The development comes after the Consumers Price Index (CPI)-based inflationon year-on-year (YoY) basis witnessed an increase of 12.7 percent inNovember 2019 from 116.18 points in November 2018 to 130.90 points.

The CPI on month-on-month (MoM) basis went up by 1.34 percent in Novemberto 130.90 points from 129.16 points in October 2019.

According to Pakistan Bureau of Statistic, CPI general in October 2019increased by 11.04 percent, which was recorded at 5.7 percent in November2018. Whereas, on MoM basis, CPI general recorded an increase of 1.34percent in November 2019 against an increase of 1.8 percent in October,while CPI witnessed a reduction of 0.1 percent in November 2018.