Inflation Pakistan 2024
Average inflation: 13.1%
Current Inflation
Inflation is very high at 13.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 28.3%. The lowest inflation was in December at 4.1%.
- Highest month
- January: 28.3%
- Lowest month
- December: 4.1%
- Difference
- 24.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 26.2%. The lowest price increase was in Food with an average of 6.3%.
- Highest increase
- Energy: 26.2%
- Lowest increase
- Food: 6.3%
Historical Context
Current inflation is 3.5% lower than the 5-year average of 16.6%.
- 5-year average
- 16.6%
- 10-year average
- 10.9%
- All-time high (2023)
- 30.9%
- All-time low (2015)
- 2.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +17.8 percentage point.
- Change vs. previous year
- -17.8 percentage points
- Largest monthly swing
- May: -26.2 percentage points
ECB Target
Inflation is 11.1% 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 €113.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 28.3% | +0.7 |
| February | 23.1% | -8.4 |
| March | 20.7% | -14.7 |
| April | 17.3% | -19.1 |
| May | 11.8% | -26.2 |
| June | 12.6% | -16.8 |
| July | 11.1% | -17.2 |
| August | 9.6% | -17.8 |
| September | 6.9% | -24.5 |
| October | 7.1% | -19.8 |
| November | 4.9% | -24.3 |
| December | 4.1% | -25.6 |
| Average | 13.1% |
Data source
Data from WorldBank. Last updated: 03/01/2026.