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AHL Research: Oct’26 CPI at 9.6% YoY

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Pakistan’s headline inflation rose to 9.6% YoY in Oct’26, up from 6.2% in Oct’25, while monthly inflation rose 1.1%, bringing average inflation for 4MFY27 to 10.06%, according to AHL Research.

AHL noted that the increase was mainly driven by higher prices in food, housing, transport, communication, health, education, clothing and footwear. Transport inflation surged 28.6% YoY, while housing costs rose 11.0% YoY.

On a monthly basis, food prices increased 2.3%, led by chicken, vegetables, wheat, pulses, eggs and fruits. Transport costs rose 1.8% MoM due to higher fuel prices, while housing rose 0.3% MoM on the back of higher LPG prices.

Core inflation stood at 7.63% YoY in Oct’26, with the 4MFY27 average reaching 8.33%, compared with 7.45% in the corresponding period last year, AHL Research added.

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