Pakistan Inflation Hits 45-Year High of 26.89% in October, Driven by Food Prices

Inflation surged to 26.89% year-on-year in October, highest since May 1975, according to Pakistan Bureau of Statistics.

Food prices were main driver, with big increases in onions, vegetables, fruits. Urban and rural inflation rose over 1% month-on-month.

Some respite as fuel price cuts and price control measures introduced in October expected to limit inflation going forward.

October inflation fueled by food items like onions, vegetables, fruits increasing sharply. Non-food drivers were electricity, marriage halls, accommodation services.

Inflation increased across categories like food, housing, transport, recreation compared to last year. Clothing, education and communication saw relatively lower increases.