The annual inflation rate in Pakistan declined to 5.65 percent in January of 2021, the lowest since January of 2019, from 8 percent in December, mostly due to a slowdown in prices of food & non-alcoholic beverages (6.66 percent vs 13.3 percent), with perishables plunging 21.3 percent; restaurants & hotels (8.92 percent vs 9.87 percent); and clothing & footwear (9.52 percent vs 9.64 percent). Also, cost decreased at a slower pace for transport (-2.58 vs -3.47 percent). On a monthly basis, consumer prices were down 0.21 percent, following a 0.68 percent decreased in the prior month. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan averaged 7.81 percent from 1957 until 2021, 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. Pakistan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Pakistan is expected to be 8.50 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 7.50 in 12 months time. In the long-term, the Pakistan Inflation Rate is projected to trend around 7.50 percent in 2022, according to our econometric models.