Inflation Rate in Pakistan: An Overview of the Last Two Years

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Sohail Sardar 29 May 2024

Explore the inflation rate in Pakistan over the past two years, delving into the key factors driving changes in the economy. This comprehensive analysis covers monthly fluctuations, major economic policies, and their impacts on the cost of living and purchasing power in Pakistan. Stay info

Over the past two years, Pakistan has experienced significant inflation fluctuations. In 2022, the average inflation rate was approximately 19.87%, driven by rising costs in food and energy sectors (ProPakistani). By May 2023, inflation peaked at a record 38%, exacerbated by economic instability and external financial aid reliance (ProPakistani). However, the rate slightly decreased to around 20.7% by March 2024 (ProPakistani). Key contributors to inflation included high prices for essential commodities like cooking oil, electricity, and fuel (ProPakistani).