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Inflation in Pakistan in Military & Civilians Eras

Consumer Price Index (CPI)

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In Pakistan, four different price indices, namely the Consumer Price Index (CPI), the Wholesale Price Index (WPI), the Sensitive Price Index (SPI), and the GDP deflator, are published over the course of a fiscal year.

The CPI is the main measure of price changes at the retail level. It indicates the cost of purchasing a representative fixed basket of goods and services consumed by private households.

Inflation in Pakistan

Pakistan has experienced the highest inflation of 30% in 1974 followed by 26.8% in 1975 and 17.0% in 2009. In fact, the double-digit inflation was witnessed during 20 years out of 75 years of Pakistan.

The following are historical inflationary trends in Pakistan;

Year CPI Inflation Military & Civilians Eras Inflation Average Values
1974 30% (Highest ever inflation a year in Pakistan’s history) PPP’s era: Zulfikar Ali Bhutto from December 20, 1971 to August 13, 1973 as Chief Martial Law Administrator and from August 14, 1973 to July 5, 1977 as Prime Minister Period 1970-80

Inflation Rate 12.3% (Highest in Pakistan’s history)

1975 26.8% (2nd highest inflation a year in Pakistan’s history)
1976 11.6%
1977 11.8%
1978 7.3% Zia-ul-Haq’s era from July 5, 1977 to August 17, 1988 (Both as Chief Martial Law Administrator & President)

 

1979 7.1%
1980 10.7%
1981 12.4% Period 1980-90

Inflation Rate 7.8%

1982 11.1%
1983 4.7%
1984 7.3%
1985 5.7%
1986 4.4%
1987 3.6%
1988 6.3%
1989 10.4% PPP’s era: Prime Minister Benazir Bhutto from December 2, 1988 to August 6, 1990
1990 6.1%
1991 12.6% PML-N’s era: Prime Minister Nawaz Sharif from November 6, 1990 to July 18, 1993 Period 1990-00

Inflation Rate 9.7% (2nd highest in Pakistan’s history)

1992 10.6%
1993 9.8%
1994 11.3 PPP’s era: Benazir Bhutto from October 18, 1993 to November 5, 1996
1995 13.0%
1996 10.8%
1997 11.8% PML-N’s era: Prime Minister Nawaz Sharif from February 17, 1997 to October 12, 1999
1998 7.8%
1999 5.7%
2000 3.6% Pervez Musharraf’s era from October 12, 1999 to August 18, 2008 (Both as Chief Executive of Pakistan & President)
2001 4.4%s Period 2001-09

Inflation Rate 8.4%

2002 3.5%
2003 3.1%
2004 4.6%
2005 9.3%
2006 7.9%
2007 7.8%
2008 12.0%
2009 17.0% (3rd highest inflation a year in Pakistan’s history) PPP’s era: Prime Minister Yousaf Raza Gillani from March 25, 2008 to April 25, 2012 / Prime Minister Raja Pervaiz Ashraf from June 22, 2012 to March 24, 2013
2010 10.1%
2011 13.7% Period 2010-2017

Inflation Rate 7.5%

2012 11.0%
2013 7.4% PML-N’s era: Prime Minister Nawaz Sharif from June 5, 2013 to July 28, 2017 / Prime Minister Shahid Khaqan Abbasi from August 1, 2017 to May 31, 2018
2014 8.6%
2015 4.5%
2016 2.9%
2017 4.1%
2018 3.9%
2019 7.3% PTI’s era: Prime Minister Imran Khan from August 18, 2018 to date
2020 11.2%
2021 8.6%

 

Source: Pakistan Economic Surveys, State Bank of Pakistan (SBP), Pakistan Bureau of Statistics (PBS)

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