Inflation Pakistan 2023
Average inflation: 30.9%
Current Inflation
Inflation is very high at 30.9%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 38.0%. The lowest inflation was in October at 26.9%.
- Highest month
- May: 38.0%
- Lowest month
- October: 26.9%
- Difference
- 11.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 38.7%. The lowest price increase was in Energy with an average of 18.8%.
- Highest increase
- Food: 38.7%
- Lowest increase
- Energy: 18.8%
Historical Context
Current inflation is 14.8% higher than the 5-year average of 16.1%. This approaches the highest level since records began (30.9% in 2023).
- 5-year average
- 16.1%
- 10-year average
- 10.3%
- All-time high (2023)
- 30.9%
- All-time low (2015)
- 2.5%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +11.2 percentage point.
- Change vs. previous year
- +11.2 percentage points
- Largest monthly swing
- May: +24.2 percentage points
ECB Target
Inflation is 28.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €130.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 27.6% | +14.6 |
| February | 31.5% | +19.3 |
| March | 35.4% | +22.7 |
| April | 36.4% | +23.0 |
| May | 38.0% | +24.2 |
| June | 29.4% | +8.1 |
| July | 28.3% | +3.4 |
| August | 27.4% | +0.1 |
| September | 31.4% | +8.2 |
| October | 26.9% | +0.3 |
| November | 29.2% | +5.4 |
| December | 29.7% | +5.2 |
| Average | 30.9% |
Data source
Data from WorldBank. Last updated: 03/01/2026.