The annual inflation rate in Pakistan declined to 8.4 percent in November of 2020, the lowest since August, from 8.9 percent in October, mostly due to a slowdown in prices of food & non-alcoholic beverages (15.1 percent vs 16.6 percent) and health (7.6 percent vs 7.8 percent). Also, cost continued to decrease for transport (-4.1 vs -1.5 percent). In contrast, inflation accelerated for restaurants & hotels (9.3 percent vs 8.9 percent). On a monthly basis, consumer prices were up 0.8 percent, following a 1.7 percent increase in the prior month. source: Pakistan Bureau of Statistics
Inflation Rate in Pakistan averaged 7.82 percent from 1957 until 2020, 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 December of 2020.
Inflation Rate in Pakistan is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Pakistan to stand at 6.50 in 12 months time. In the long-term, the Pakistan Inflation Rate is projected to trend around 7.50 percent in 2021, according to our econometric models.