While deposit growth in banks remains robust, lending in the private sector has shown stagnation. Overall inflation has dropped to single digits due to falling food prices. However, the National Board of Revenue continues to lag behind its targets despite years of growth.

These findings are outlined in the November Economic Update and Outlook report released by the General Economics Division (GED) of the Planning Commission. The agency published the report on Monday.

The report states that exports show some instability, though a moderate recovery is expected. Stabilising food prices and improved supply conditions have contributed to the decline in overall inflation. Slow stability in domestic supply chains and reduced pressure from imported goods caused overall inflation to fall to 8.17 percent in October 2025, down from 10.87 percent in October 2024.

Food inflation fell to 7.08 percent in October. External inflation rose slightly to 9.13 percent, reflecting ongoing pressures on housing, transport, and healthcare expenditures.

Rice prices began to decline in the first half of 2025. Domestic stocks increased due to new Aman crops, imports, and government purchases. Government initiatives also reduced the average retail price of rice. Overall rice inflation dropped to 13.77 percent in October. Fish and meat continue to play a key role in food inflation.