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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-01 11:10 AM
Inflation Rate YoY
Feb 23.1% 28.3% 26%
2024-04-01 10:10 AM
Inflation Rate YoY
Mar 20.7% 23.1% 22.5%
2024-05-02 11:15 AM
Inflation Rate YoY
Apr 20.7% 19.0%


Related Last Previous Unit Reference
Consumer Price Index CPI 264.46 260.01 points Mar 2024
CPI Housing Utilities 244.24 240.63 points Mar 2024
CPI Transportation 311.46 311.93 points Mar 2024
Food Inflation 17.23 18.14 percent Mar 2024
Inflation Rate YoY 20.70 23.06 percent Mar 2024
Inflation Rate MoM 1.70 0.00 percent Mar 2024
Producer Prices 317.95 314.02 points Mar 2024
Wholesale Prices YoY 14.78 18.66 percent Mar 2024

Pakistan Inflation Rate
In Pakistan, most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (35% of the total weight), Housing, Water, Electricity, Gas & Other Fuels (24%), Clothing & Footwear (9%), and Restaurants & Hotels (7%). The index also includes: Transport (6%); Miscellaneous Goods & Services (5%); Furnishing & Household Equipment (4%); Education (4%); Health (3%); Communications (2%); Recreation & Culture (2%); and Alcoholic Beverages & Tobacco (1%).
Actual Previous Highest Lowest Dates Unit Frequency
20.70 23.06 37.97 -10.32 1957 - 2024 percent Monthly
2015/2016=100


News Stream
Pakistan Inflation Eases for 3rd Month
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.
2024-04-01
Pakistan Inflation Rate Lowest Since 2022
Inflation rate in Pakistan fell for the second consecutive month to 23.1% in February 2024, the lowest since June 2022, from 28.3% in January. There was a broad base slow down, namely for prices of food (18.1% vs 25%), housing and utilities (36.1% vs 38.6%), restaurants & hotels (22.4% vs 28.3%) and transport (15% vs 26.2%). Compared to January, the CPI was unchanged. The February reading came below forecasts of 24.5%-25.5% from the finance ministry. Inflation in Pakistan remains at double-digits, but below a record high of 38% touched in May 2023, as the country battles an economic crisis and has been receiving financial assistance from the IMF since July 2023.
2024-03-01
Pakistan Inflation Rate Slows Slightly
Annual inflation rate in Pakistan fell for the first time in three months to 28.3% in January 2024 from 29.7% in December. Prices rose at a slower pace for food (25% vs 27.5%), restaurants & hotels (28.3% vs 30.7%), transport (26.2% vs 31.3%), recreation & culture (32.6% vs 38.5%), and health (21.5% vs 23%). On the other hand, prices accelerated for housing & utilities (38.7% vs 37.7%). Compared to December, the CPI went up 1.8%. Inflation in Pakistan remains at double-digits, but below a record high of 38% touched in May 2023, as the country battles an economic crisis and has been receiving financial assistance from the IMF since July 2023. The central bank already raised rates to a record high, but higher energy prices, a weaker currency and increased taxes continue to weigh on the CPI. In its January 2024 meeting, the central bank of Pakistan revised average inflation forecast to 23%-25% in the fiscal year ending June, from 20%-22% earlier.
2024-02-01