Pakistan's annual inflation rate eased to 6.50 percent in November 2018 from 6.78 percent in the previous month, as prices rose at a slower pace for both food & non-alcoholic beverages (1.02 percent vs 2.04 percent in October) and education (10.01 percent vs 11.54 percent). Meanwhile, inflation picked up for: housing, water, electricity, gas & fuels (9.11 percent vs 9.04 percent); clothing & footwear (7.49 percent vs 6.73 percent); transport (19.77 percent vs 18.61 percent); furnishing & household equipment maintenance (7.48 percent vs 6.99 percent); and communication (7.83 percent vs 7.78 percent). Core inflation, which excludes volatile items such as food and energy, rose to 8.3 percent from 8.2 percent. On a monthly basis, consumer prices edged up 0.11 percent in November, following a 2.33 percent climb in October. Inflation Rate in Pakistan averaged 7.75 percent from 1957 until 2018, 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 6.80 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 6.80 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.