Wholesale prices in Pakistan rose 13.56 percent year-on-year in August of 2019, accelerating from a 13.46 percent increase in the previous month. Cost advanced faster for metal products, machinery & equipment (9.34 percent vs 9.30 percent in July); agriculture, forestry & fishery products (6.23 percent vs 5.55 percent), and other transportable goods except metal, machinery and equipment (13.09 percent vs 11.44 percent). Meanwhile, prices increased at a softer pace for both food products, beverages & tobacco, textiles, apparel & leather products (9.79 percent vs 10.89 percent) and ores & minerals, electricity, gas and water (44.22 percent vs 44.88 percent). On a monthly basis, wholesale prices went up 0.88 percent, following a 3.10 percent gain in July. Pakistan has changed the base year for price statistics from 2007-08 to 2015-16. Using the new 2015-16 based series, annual wholesale inflation came in at 14.06 percent in August. Producer Prices Change in Pakistan averaged 8.50 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 14.20 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.