Pakistan – Market Monitor Report – April 2026

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Country: Pakistan
Source: World Food Programme

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Please refer to the attached file.

HIGHLIGHTS April

  • The Consumer Price Index (CPI)-based annual headline inflation increased to 10.9 percent (YoY), up from 7.3 percent in March. On a month-on-month basis the CPI is up by 2.5 percent, in April compared to March, reflecting higher transport and perishable food costs.
  • Annual food inflation increased by 7.6 percent (YoY) compared to April 2025, indicating that households paid nearly 8 percent more for food items – impacting food expenditure, especially for poor households.
  • Prices of wheat and wheat flour in April were slightly lower compared to March, while rice prices largely remained stable with marginal decreases, reflecting adequate supply conditions.
  • Compared to the previous month, the terms-of trade (ToT) improved by 4 percent, meaning that an unskilled daily wage earner’s wage could purchase marginally more wheat flour (12.3 kgs) in April than in March (11.8 kg), offering some relief.

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