Pakistan Wholesale Inflation Accelerates in March

Pakistan's wholesale price inflation accelerated to 13.6% in April 2026, up from 6.7% in March 2026 and marking the highest level since April 2024. Price increases were broad-based, as prices of most transportable goods nearly doubled, jumping 40% from 21.4% in the previous month. Additional upward pressures were due to ores, minerals and utilities (8.6% versus 4.2%) and food, beverages, tobacco, textiles and leather products (5.4% versus 4.3%). On a monthly basis, wholesale prices increased 1.5%, up from 0.8% in March.

Pakistan's wholesale price inflation accelerated to 6.7% in March 2026, the highest level since July 2024, up from a downwardly revised 1.0% in February. Upward price pressures were mainly from transportable goods increasing 21.4%, up from a 2.3% decline in the previous month. Additionally, prices rose for ores/minerals and electricity, gas & water (4.2% versus 0.7%) and metal product, machinery and equipment (2.5% versus 1.5%). In contrast, price increases slowed for food, beverages, tobacco, textiles and leather products (4.3% versus 5.8%). Meanwhile, price decreases accelerated for agriculture forestry and fishery (-2.5% versus -1.2%). On a monthly basis, wholesale prices increased 5.9%, up from 0.7% in February.

Pakistan’s wholesale price inflation slowed to 0.20% year-on-year in January 2026, down from 0.57% in December, marking the lowest rate since August. Price growth eased for food, beverages, tobacco, and textiles & leather (5.40% vs 5.89%) and metal products, machinery & equipment (1.50% vs 1.55%). Deflation continued in agriculture, forestry & fishery (-2.68% vs -1.66%) and other transportable goods (-3.69% vs -3.59%), while prices for ores/minerals and electricity, gas & water rose faster (0.47% vs 0.27%). On a monthly basis, wholesale prices fell 0.18%, following a 0.86% decline in December.