Pakistan’s wholesale prices increased 11.03 percent year-on-year in February of 2019, following a 9.9 percent rise in the previous month. Prices rose faster for both food products, beverages & tobacco, textiles, apparel & leather products (10.63 percent from 9.28 percent in January) and agriculture, forestry & fishery products (6.47 percent from 3.21 percent). Meantime, prices increased softer for: other transportable goods except metal products, machinery & equipment (14.11 percent from 15.60 percent); ores & minerals, electricity, gas & water (19.59 percent from 19.85 percent), and metal products, machinery & equipment (7.36 percent from 7.39 percent). On a monthly basis, wholesale prices went up 0.90 percent, reversing from a 0.21 percent fall in January. Producer Prices Change in Pakistan averaged 8.37 percent from 2000 until 2019, 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 11.10 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 11.50 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.