Pakistan’s Inflation Slows to 7.2% in October 2024

Pakistan’s Consumer Price Index (CPI) based inflation slowed to 7.2 percent on a year-on-year basis in October 2024 as compared to an increase of 6.9 percent in the previous month and 26.8 percent in October 2023, according to the Pakistan Bureau of Statistics (PBS). This takes 4MFY25 average inflation to 8.7 percent compared to 28 percent in 4MFY24. CPI inflation Urban remained stable at 9.3 percent on a year-on-year basis in October 2024 as compared to the previous month and increase of 25.5 percent in October 2023. On a month-on-month basis, it increased by 1.1 percent in October 2024 as compared to a decrease of 0.5 percent in the previous month and an increase of 1.1 percent in October 2023. CPI inflation Rural, increased by 4.2 percent on a year-on-year basis in October 2024 as compared to 3.6 percent in the previous month and 28.7 percent in October 2023. On a month-on-month basis, it increased by 1.5 percent in October 2024 as compared to a decrease of 0.5 percent in the previous month and an increase of 0.9 percent in October 2023. SPI inflation on YoY increased by 9.7 percent in October 2024 as compared to 9.2 percent a month earlier and 34.2 percent in October 2023. On an MoM basis, it increased by 0.6 percent in October 2024 as compared to an increase of 0.2 percent a month earlier and an increase of 0.2 percent in October 2023. WPI inflation on a YoY basis increased by 3.9 percent in October 2024 as compared to 1.9 percent a month earlier and an increase of 24.6 percent in October 2023. On an MoM basis, it shows no change in October 2024 as compared to a decrease of 1.1 percent in the previous month and a decrease of 1.9 percent in the corresponding month of last year i.e. October 2023. Measured by non-food non-energy Urban decreased to 8.6 percent on a YoY basis in October 2024 as compared to 9.3 percent in the previous month and 18.5 percent in October 2023. On an MoM basis, it increased by 0.6 percent in October 2024 as compared to an increase of 0.2 percent in the previous month and an increase of 1.2 percent in the corresponding month of last year i.e. October 2023. Measured by non-food non-energy Rural increased to 11.7 percent on a YoY basis in October 2024 as compared to 12.1 percent in the previous month and 26.7 percent in October 2023. On an MoM basis, it increased by 0.7 percent in October 2024 as compared to an increase of 0.5 percent in the previous month and an increase of 1.0 percent in the corresponding month of last year i.e. October 2023. Measured by 20 percent weighted trimmed mean Urban decreased to 6.4 percent on YoY basis in October 2024 as compared to 7.1 percent in the previous month and 24.6 percent in October 2023. On an MoM basis, it increased by 0.7 percent in October 2024 as compared to a decrease of 0.1 percent in the previous month and an increase of 0.6 percent in the corresponding month of last year i.e. October 2023. Measured by 20 percent weighted trimmed mean Rural decreased to 7.2 percent on a YoY basis in October 2024 as compared to 7.4 percent in the previous month and 30.4 percent in October 2023. On an MoM basis, it increased by 1.0 percent in October 2024 as compared to a decrease of 0.1 percent in the previous month and an increase of 0.7 percent in the corresponding month of last year i.e. October 2023.