Pakistan inflation rate accelerated to 27.6% in January of 2023 from 24.5% in December. It was the highest reading since May of 1975, as thousands of containers of food items, raw materials and equipment are stuck in ports after the cash-strapped government curtailed imports. Main upward pressures come from food & non-alcoholic beverages (43%), recreation & culture (44.1%); restaurants & hotels (30.1%) and housing & utilities (7.8%). On a monthly basis, consumer prices jumped 2.9%, the highest in three months, following a 0.5% gain in the previous month. Meanwhile, the central bank of Pakistan raised its policy interest rate by 100bps to 17% on January 23rd, 2023, the highest since 1998, to help stabilize the economy, amid insufficient supply, very high prices and funding crunch. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan averaged 8.05 percent from 1957 until 2023, 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 February of 2023.
Inflation Rate in Pakistan is expected to be 21.00 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 12.00 percent in 2024 and 11.00 percent in 2025, according to our econometric models.