Pakistan’s average wheat price has climbed to its highest level in 29 months, reflecting tightening supplies in domestic markets and increasing concerns over the outlook for food inflation.

According to Topline Securities, the national average wheat price reached a 29-month high on August 6, 2026, as reduced market availability continued to push prices upward. The brokerage noted that the government is reportedly weighing wheat imports to help address the emerging supply shortfall.

The rise in wheat prices is expected to provide better returns for farmers, supporting incomes and economic activity in rural areas. However, it also poses a challenge for consumers, as wheat is a key staple and one of the largest contributors to Pakistan’s food inflation basket.

If prices remain elevated, the increase could feed into headline inflation in the coming months by raising the cost of flour and other wheat-based products. The government’s response to the supply situation, including any decision on imports, is likely to play an important role in determining the direction of prices in the weeks ahead.