Pakistan’s annual inflation surged to 4.1 in July 2025 on a year-on-year (YoY) basis, up from 3.2 percent in June 2025, but still significantly lower than 11.1 percent recorded in July 2024, as reported by the Pakistan Bureau of Statistics (PBS).
On a month-on-month (MoM) basis, inflation jumped by 2.9 percent in July 2025, a sharp rise compared to 0.2 percent in the previous month and 2.1 percent in July 2024.
Urban and Rural CPI Breakdown:
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Urban CPI inflation increased to 4.4 percent YoY in July 2025, up from 3.0 percent in June 2025 but down from 13.2 percent in July 2024. On a MoM basis, urban prices surged by 3.4 percent in July 2025, compared to 0.1 percent in June.
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Rural CPI inflation stood at 3.5 percent YoY in July 2025, slightly down from 3.6 percent in the previous month and 8.1 percent in July 2024. On a MoM basis, rural inflation rose by 2.2 percent, maintaining the same rate as in July 2024 but up from 0.5 percent a month earlier.
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SPI and WPI Trends:
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The Sensitive Price Index (SPI) showed a YoY decline of 0.9 percent in July 2025, easing from a 1.9 percent decline in June and a significant 15.7 percent increase a year ago. However, the MoM SPI rose by 3.1 percent, reversing the previous month’s no-change status and surpassing the 2.0 percent increase in July 2024.
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Wholesale Price Index (WPI) inflation declined by 0.5 percent YoY in July 2025, compared to a 0.6 percent increase in June and 10.4 percent in July 2024. On a monthly basis, WPI rose by 1.2 percent, double the 0.6 percent increase in June, though still below 2.3 percent recorded in the same month last year.
The latest figures suggest a notable monthly spike in inflation, particularly in urban centers, despite a generally easing annual trend when compared to last year.
