Inflation rate in Pakistan fell for the third consecutive month to 20.7% in March 2024, the lowest since May 2022, from 23.1% in February. The decline in inflation is mainly due to a slowdown in price increase of food & non-alcoholic beverages (17.2% vs 18.2%), clothing & footwear (16.1% vs 20.2%), transportation (11.2% vs 15%) and restaurants & hotels (18.9% vs 22.4%). On the other hand, housing & utilities costs accelerated slightly (36.6% vs 36.1%). On a monthly basis, prices increased by 1.7%, following no changes in February. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan decreased to 20.70 percent in March from 23.06 percent in February of 2024. Inflation Rate in Pakistan averaged 8.42 percent from 1957 until 2024, reaching an all time high of 37.97 percent in May of 2023 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 April of 2024.
Inflation Rate in Pakistan decreased to 20.70 percent in March from 23.06 percent in February of 2024. Inflation Rate in Pakistan is expected to be 18.00 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 10.00 percent in 2025 and 8.00 percent in 2026, according to our econometric models.