Pakistan’s Inflation Rate More Than Doubles Again

Pakistan's average inflation more than doubled to 10.05 percent during the first four months of FY27 from 4.79 percent last year, a 109.8 percent growth in the inflation rate.

Key points

• Wholesale Cost Index (WPI) inflation accelerated to 13.8 percent YoY in October, up from 13.3 percent in September and just 1.1 percent in October 2025.
• Rural inflation reached 9.8 percent YoY, down from 10.5 percent in September but higher than 6.6 percent in October 2025.
• Urban inflation stood at 9.5 percent YoY in October, compared with 10.1 percent in September and 6 percent a year earlier.
• The Sensitive Cost Indicator (SPI) climbed by 8.7 percent YoY, compared with 8.4 percent in September.
• On a month-on-month (MoM) basis, inflation rose by 1.1 percent in October, compared with 1.3 percent in September and 1.7 percent in October last year.

According to data published by the Pakistan Bureau of Statistics (PBS) and a research note by Topline Securities, Consumer Rate Index (CPI) inflation stood at 9.61 percent in October 2026 on a year-on-year (YoY) basis, down from 10.26 percent in September but higher than 6.25 percent in October 2025.

October's inflation reading additionally exceeded Bloomberg survey estimates of 9.5 percent. Fuel Sales Suddenly Recover.

On a month-on-month (MoM) basis, inflation rose by 1.1 percent in October, compared with 1.3 percent in September and 1.7 percent in October last year. Urban and Rural Inflation.

Urban inflation stood at 9.5 percent YoY in October, compared with 10.1 percent in September and 6 percent a year earlier. On a MoM basis, urban inflation rose by 0.8 percent.

Rural inflation reached 9.8 percent YoY, down from 10.5 percent in September but higher than 6.6 percent in October 2025. On a monthly basis, rural inflation rose by 1.5 percent. Core Inflation Eases to 7.8%.

Core inflation, which excludes food and energy rates, eased to 7.8 percent in October from 8.6 percent in September. Nevertheless, it remained above October 2025's reading of 7.5 percent, according to Topline Research.

Meanwhile, the Sensitive Cost Indicator (SPI) climbed by 8.7 percent YoY, compared with 8.4 percent in September.

Wholesale Cost Index (WPI) inflation accelerated to 13.8 percent YoY in October, up from 13.3 percent in September and just 1.1 percent in October 2025. Stay Connected with ProPakistani.

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Taken together, the developments around pakistan's Inflation Rate More Than Doubles Again point to a situation that is still moving, and the coming days should bring more clarity.