The wholesale price index in Pakistan increased 12.1 percent year-on-year in October of 2018, following a 9.3 percent rise in the previous month. It was the highest producer inflation since December 2015, when prices fell by 0.4 percent. Cost advanced faster for other transportable goods except metal, machinery & equipment (25.5 percent vs 24.2 percent in September); food products, beverages & tobacco, textiles, apparel & leather products (10 percent vs 8.1 percent); ores & minerals, electricity, gas & water (20.8 percent vs 0.9 percent); agriculture, forestry & fishery products (7.1 percent vs 6.2 percent) and metal products, machinery & equipment (7.2 percent vs 5.9 percent). On a monthly basis, wholesale prices went up 4.2 percent, after a 1.5 percent decline in September. Producer Prices Change in Pakistan averaged 8.31 percent from 2000 until 2018, reaching an all time high of 35.90 percent in August of 2008 and a record low of -3.70 percent in March of 2015.
Producer Prices Change in Pakistan is expected to be 10.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Pakistan to stand at 11.40 in 12 months time. In the long-term, the Pakistan Wholesale Prices Change is projected to trend around 12.00 percent in 2020, according to our econometric models.
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