Pakistan’s average inflation rate increased by 109.8 percent during the first four months of FY27, reaching 10.05 percent compared with 4.79 percent in the corresponding period last year, as rising prices continued to put pressure on households.

According to data released by the Pakistan Bureau of Statistics (PBS), Consumer Price 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 significantly higher than 6.25 percent in October 2025.

The October reading also exceeded Bloomberg survey estimates of 9.5 percent, according to Topline Research.

On a month-on-month (MoM) basis, inflation increased 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 reached 9.5 percent YoY in October, compared with 10.1 percent in September and 6 percent in October 2025. On a monthly basis, urban prices increased by 0.8 percent.

In rural areas, inflation stood at 9.8 percent, down from 10.5 percent in September but higher than 6.6 percent recorded a year earlier. Rural inflation increased by 1.5 percent MoM.

Core Inflation Falls to 7.8%

Core inflation, which excludes food and energy prices, eased 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) increased by 8.7 percent YoY in October, compared with 8.4 percent in September.

Wholesale Price Index (WPI) inflation accelerated to 13.8 percent, up from 13.3 percent in September and 1.1 percent in October 2025.