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Inflation in Pakistan in Military & Civilians Eras

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Consumer Price Index (CPI)

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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