The annual inflation rate in Pakistan accelerated to 12.3 percent in December of 2021 from 11.5 percent in November. It was the highest reading since February 2020, mainly boosted by prices of housing & utilities (16.6 percent vs 14.8 percent in November); restaurants & hotels (12.6 percent vs 11 percent) and furnishings (12.3 percent vs 10.4 percent). Meantime, prices continued to increase for both transport (24.1 percent vs 24.4 percent) and food & non-alcoholic beverages (10.3 percent vs 10.5 percent). On a monthly basis, consumer prices edged down 0.02 percent, the first monthly decline since June, reversing from a 3 percent rise in the previous month. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan averaged 7.84 percent from 1957 until 2021, 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 January of 2022.
Inflation Rate in Pakistan is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan Inflation Rate is projected to trend around 8.00 percent in 2023, according to our econometric models.