Karachi: Pakistan's Consumer Price Index (CPI) is projected to reach 7.3% in March 2026. The average inflation for the first nine months of the fiscal year is expected to be about 5.6%, a slight increase from 5.4% during the same period last year.
According to JS Global, food inflation is predicted to be 3.8% year-over-year, with a month-over-month decrease of 10 basis points. This decline is attributed to lower prices for wheat, eggs, potatoes, and tomatoes, likely influenced by recent border closures. In its most recent Monetary Policy Committee meeting, the State Bank of Pakistan maintained the policy rate at 10.5%, citing an inflation outlook within the target range and data consistent with prior forecasts. The upcoming meeting on April 27, 2026, is considered crucial, as ongoing uncertainty without a near-term resolution may lead to policy tightening.
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