The inflation rate in Pakistan eased to 8.82 percent year-on-year in April 2019 from 9.41 percent in the previous month, which was the highest level since November 2013. Prices rose at a softer pace for housing & utilities (10.06 percent vs 11.55 percent in March), clothing & footwear (5.27 percent vs 7.21 percent), furnishing & household equipment (8.32 percent vs 9.51 percent) and education (5.57 percent vs 6.12 percent). Meanwhile, inflation accelerated for food & non-alcoholic beverages (8.51 percent vs 8.22 percent) and transport (14.50 percent vs 13.01 percent). On a monthly basis, consumer prices advanced 1.26 percent in April, due to rising petrol and diesel prices as well as an increase in the cost of food items such as carrots, oranges, cabbage and chicken. Inflation Rate in Pakistan averaged 7.76 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.
Inflation Rate in Pakistan is expected to be 7.50 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 6.50 in 12 months time. In the long-term, the Pakistan Inflation Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.