Pakistan’s inflation has been marked by volatility, with double-digit inflation during the 1990s peaking at 13.0% in 1995 due to fiscal deficits and structural challenges. Inflation spiked to 19.6% in 2009 amid global financial turmoil. In 2023, inflation surged to 29.2%, driven by currency depreciation, political instability, and rising global energy prices.
Forecasts suggest inflation will stabilize at 6.5% from 2028, reflecting the potential success of economic stabilization measures and improved fiscal discipline.
Forecasts suggest inflation will stabilize at 6.5% from 2028, reflecting the potential success of economic stabilization measures and improved fiscal discipline.
Explore related charts to gain a better understanding of Pakistan’s net ODA received, Pakistan’s population density, Pakistan’s services sector share in GDP.
