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2026-11-02 18:56:26
[Pakistan's Inflation Rate Slows for Third Consecutive Month to 9.6% in October] ⑴ Pakistan's annualized inflation rate slowed to 9.6% in October 2026 from 10.3% in September, marking the third consecutive month of decline. ⑵ Nevertheless, inflation remains well above the Reserve Bank of Pakistan's target range of 5% to 7%, as high oil prices continue to cloud the outlook against the backdrop of the country's heavy reliance on imported energy. ⑶ Housing and utilities price increases slowed to 11.03% from 12.39%, clothing and footwear rose to 9.19% from 8.98%, communications fell to 13.41% from 13.54%, and restaurants and hotels fell to 6% from 6.1%. ⑷ Food inflation also slowed to 7.74% from 8.2%, with perishable food prices falling by 2.35%, after a sharp increase of 11.78% last month. ⑸ In contrast, non-perishable food inflation accelerated to 9.55% from 7.64%, keeping food inflation high. (6) The increase in transportation prices accelerated further from 27.43% to 28.61%. (7) On a month-on-month basis, consumer prices rose by 1.1% in October, compared with a 1.3% increase in September.
