FX.co ★ Pakistan Wholesale Inflation at 3-Month Low

In December 2025, Pakistan witnessed a 0.6% increase in wholesale prices compared to the previous year. This marked a deceleration from the 1.1% growth seen in the previous two months and represented the slowest rate since September. Price growth decelerated in various sectors, including food, beverages, tobacco, textiles, and leather, which registered a growth of 5.9% compared to 6.2% previously. Notably, food prices rose at a slower pace of 7.4%, down from 8.1%, while the textiles/apparel sector remained steady at 2.7% and the leather sector experienced a rebound, climbing to 1.9% from a previous decline of -5.9%.

Conversely, prices in the agriculture, forestry, and fishery sectors continued to decrease, recording a drop of 1.7% compared to -1.4%, along with a further decline in other transportable goods at -3.6% compared to -1%. However, there was an acceleration in prices for metal products, machinery, and equipment, which rose by 1.6% from 1.4%. Additionally, the costs of ores, minerals, electricity, gas, and water increased by 0.3% after having fallen by 1.6%. On a monthly basis, wholesale prices fell by 0.9%, following a 0.2% decline in October, indicating a sustained downturn for the second consecutive month.