Pakistan CPI inflation, September 2026

10.5% to 11.5% y/y (central ~11.0%)

August inflation jumped to 11.15% y/y from 9.2% in July, driven substantially by a one-off government fuel-cost and tax pass-through plus a wheat-supply-driven food price shock (onions alone up 46% m/m). Because the fuel policy move was a discrete action rather than an ongoing trend, and agricultural price spikes like onions tend to be volatile rather than persistent, some moderation is plausible. But underlying food-supply pressure and transport costs look more structural, and rural inflation (12.2%) is running well ahead of urban (10.4%), suggesting broad-based rather than narrow pressure. Net call: roughly holding near Augusts level rather than a sharp reversal either direction. Note: PBS does not publish an advance release calendar the way ONS does; the early-October date is inferred from its consistent month-start release pattern, not officially confirmed.