Annual inflation rate in Pakistan increased to 24.9% in July of 2022, the highest since October of 2008, from 21.3% in June, amid a slide in the rupee to fresh record lows. Transport prices recorded the biggest increase (64.7%), namely motor fuels (94.4%); followed by food and non-alcoholic beverages (28.8%), mainly vegetables (40.5%), pulses (92.4%), cooking oil (72.6%), wheat (45%) and milk (24.8%); restaurants and hotels (25%), alcoholic beverages and tobacco (22.5%), and housing and utilities (21.8%), namely electricity charges (86.7%). Compared to the previous month, consumer prices were up 4.4%. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan averaged 7.91 percent from 1957 until 2022, 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 August of 2022.
Inflation Rate in Pakistan is expected to be 20.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan Inflation Rate is projected to trend around 8.50 percent in 2023 and 8.00 percent in 2024, according to our econometric models.