Macro Analysis /

Pakistan Economy: March CPI expected to rise to 13.1%, highest since Jan 2020

  • National CPI is expected to clock in at 13.1% yoy in March 2022, up from 12.2% in February

  • Core inflation (NFNE) is expected to increase further in March. We estimate 8.9% and 10.4% for Urban and Rural centers

  • Rural inflation is expected at 14.3% yoy, which will be higher than expected Urban inflation of 12.3% yoy

Saad Ali
Saad Ali

Head of Research

Rahul Hans
Intermarket Securities
22 March 2022


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