Pakistan’s annual inflation rate surged to a four-month peak of 31.4% YoY in September, up from 27.4% the previous month, primarily due to escalating fuel and energy costs. This inflation trend has been persistently in double digits since November 2021, with housing and electricity main contributors. Food inflation, on the other hand, saw the smallest increase in ten months at 33.1%. Consumer prices grew by 2% MoM, and core inflation stood at 18.6% in September.