The annual inflation rate in Pakistan increased to 9.3 percent in July of 2020 from 8.6 percent in the previous month. That was the highest inflation rate since March, boosted by prices of food & non-alcoholic beverages (17.8 percent vs 14.6 percent in June). In addition, transport costs decreased at a slower pace (-4.5 percent vs -10.2 percent). Meanwhile, inflation slowed mostly for housing & utilities (4.2 percent vs 5.4 percent) and alcoholic beverages & tobacco (5 percent vs 14.2 percent). On a monthly basis, consumer prices inched up 2.5 percent, after increasing 0.8 percent in the prior month.
Inflation Rate in Pakistan averaged 7.81 percent from 1957 until 2020, 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 2020. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan is expected to be 8.00 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 8.50 in 12 months time. In the long-term, the Pakistan Inflation Rate is projected to trend around 8.50 percent in 2021 and 9.50 percent in 2022, according to our econometric models.