Pakistan headline inflation at 10.3% in September 2026

Pakistan's headline inflation was 10.3% year on year in September 2026, according to Pakistan Bureau of Statistics data released on Thursday, compared with 11.1% in August and 5.8% in September 2025. The reading leaves consumer price growth in double digits, well above the lows recorded during 2025.

On a month-on-month basis, the consumer price index rose 1.3% in September 2026, the bureau's data showed.

The September print remains far below the peak of the recent cycle. According to the bureau's series, headline inflation reached 28.3% in January 2024 before falling to 0.3% in April 2025, its lowest point in the period covered. Price growth returned to double digits in April 2026 at 10.9% and has since ranged between 9.2% and 11.7%, with five of the past six months at or above 10%.

For Pakistan, the figures point to a slower disinflation path than the one seen through 2025, when the annual rate briefly fell below 1%. September's reading is also higher than the 5.8% recorded a year earlier, indicating that the base effect that flattered comparisons during 2025 has now reversed. The month-on-month increase of 1.3% shows prices are still rising within the year, not merely relative to a weak prior-year base.

The bureau publishes the CPI series monthly; the September 2026 figures are the latest available in that series.