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Pakistan - Market Monitor Report - April 2026

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Country: Pakistan Source: World Food Programme 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.