Pakistan’s average inflation rate more than doubled to 10.05 percent in the first four months of FY27, compared with 4.79 percent during the same period last year, marking a 109.8 percent increase.
According to data released by the Pakistan Bureau of Statistics (PBS) and a research report by Topline Securities, Consumer Price Index (CPI) inflation reached 9.61 percent year-on-year (YoY) in October 2026. This was lower than September’s 10.26 percent but higher than the 6.25 percent recorded in October 2025.
October’s inflation rate also came in above Bloomberg’s survey estimate of 9.5 percent.
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, down from 10.1 percent in September but higher than the 6 percent recorded a year earlier. Monthly, urban inflation increased by 0.8 percent.
In rural areas, inflation reached 9.8 percent YoY, compared with 10.5 percent in September and 6.6 percent in October 2025. Rural inflation increased by 1.5 percent on a monthly basis.
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Core Inflation Eases to 7.8%
Core inflation, which excludes food and energy prices, declined to 7.8 percent in October from 8.6 percent in September. However, it remained higher than the 7.5 percent recorded in October 2025, according to Topline Research.
Meanwhile, the Sensitive Price Indicator (SPI) rose by 8.7 percent year-on-year in October, compared with 8.4 percent in September.
Wholesale Price Index (WPI) inflation also accelerated, reaching 13.8 percent YoY in October against 13.3 percent in September. The index had recorded an increase of just 1.1 percent in October 2025.