Pakistan’s October Inflation Accelerates to 6.2% YoY – Highest in 12 Months

Pakistan’s National Consumer Price Index (CPI) rose to 6.2% YoY in October 2025, up from 5.6% in September, marking the highest inflation reading since October 2024. The uptick reflects mounting price pressures across key categories, led by Food (5.6% YoY), Housing (4.2% YoY), and Education (10.6% YoY), according to Pakistan Bureau of Statistics (PBS) and Topline Securities.

Key Highlights (October 2025):

CPI Index: 280.66 (vs 264.17 in Oct’24)

MoM Increase: +1.8%

4MFY26 Average Inflation: 4.72% (vs 8.71% in 4MFY25)

Top Contributors to Inflation (YoY):

Education – 10.6%

Clothing & Footwear – 8.1%

Transport – 6.7%

Food – 5.6%

Despite the monthly rise, year-to-date inflation remains significantly lower than last year, supported by base effects and relative stability in energy and commodity prices, according to Arif Habib Limited.

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