Pakistan’s annual inflation rate increased to 6.2 percent in October 2025, compared to 5.6 percent in September, according to the latest data released by the Pakistan Bureau of Statistics (PBS). In October 2024, inflation stood at 7.2 percent. Analysts from Arif Habib Limited (AHL) noted that this marks the highest inflation level since October 2024.
On a month-on-month (MoM) basis, inflation rose by 1.8 percent in October 2025, following a 2.0 percent rise in September. In comparison, October 2024 saw a 1.2 percent increase.
Urban and Rural Inflation Trends
Consumer Price Index (CPI) inflation in urban areas rose by 6.0 percent year-on-year (YoY) in October 2025, slightly higher than 5.5 percent a month earlier. On a monthly basis, urban inflation remained steady at 1.5 percent in both September and October 2025.
In rural areas, CPI inflation increased by 6.6 percent YoY, up from 5.8 percent in September. This shows a faster pace than the 4.2 percent recorded in October 2024. Month-on-month, rural inflation rose by 2.3 percent in October 2025, compared to 2.8 percent in the previous month.
SPI and WPI Movements
The Sensitive Price Index (SPI), which tracks key household goods, rose by 4.8 percent on a yearly basis in October 2025, up slightly from 4.5 percent in September. On a monthly basis, SPI rose 0.9 percent, down from 2.0 percent in the previous month.
The Wholesale Price Index (WPI) also saw a moderate increase, rising 1.1 percent YoY in October 2025 compared to 0.6 percent in September. On a monthly basis, WPI remained stable at 0.5 percent.
Core Inflation
Core inflation, which excludes food and energy prices, continued to climb. In urban areas, it rose 7.5 percent YoY in October 2025, while rural core inflation stood at 8.4 percent, reflecting sustained price pressures.
Trimmed core inflation, measured by the 20 percent weighted mean, also increased — reaching 6.0 percent in urban and 6.0 percent in rural areas.
Economists suggest that the latest inflation figures highlight continued pressure on consumer prices, particularly in rural regions, despite some stability in wholesale and core price levels.
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