Pakistan’s annual inflation rate increased to 12.42 percent in December of 2019 from 12.28 percent in the previous month. This was the highest inflation rate since September, as prices advanced faster for food & non-alcoholic beverages (16.88 percent vs 16.53 percent in November); housing & utilities (9.72 percent vs 9.68 percent); clothing & footwear (10.22 percent vs 10.11 percent); transport (12.02 percent vs 10.73 percent); and communication (1.73 percent vs 1.68 percent).Meanwhile, prices rose softer for: education (5.62 percent vs 5.83 percent), miscellaneous goods & services (11.59 percent vs 13.22 percent); and furniture & household equipment (11.71 percent vs 11.92 percent). On a monthly basis, consumer prices went down 0.29 percent, following a 1.2 percent gain in the previous month.
Inflation Rate in Pakistan averaged 7.79 percent from 1957 until 2019, reaching an all time high of 37.81 percent in December of 1973 and a record low of -10.32 percent in February of 1959. This page provides the latest reported value for - Pakistan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Pakistan to stand at 8.00 in 12 months time. In the long-term, the Pakistan Inflation Rate is projected to trend around 11.00 percent in 2020, according to our econometric models.