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Inflation seen slowing to 10.75pc in September

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Cite

Iqbal, S. (2026, September 27). Inflation seen slowing to 10.75pc in September. Dawn. https://www.dawn.com/news/2032971/inflation-seen-slowing-to-1075pc-in-september

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Dawn · collected 2026-09-27 · by Shahid Iqbal

Quick Summary

Stakeholders and analysts predict Pakistan's inflation to slow slightly to between 10.25% and 10.75% year-over-year in September 2026, down from August’s 11.1%, though uncertainty persists due to the Gulf war affecting oil prices. With Pakistan importing 70% of its oil needs, inflation remains sensitive to global oil markets; local petroleum prices have risen sharply, with petrol increasing by over 50% in Pakistan compared to lower increases in India and Bangladesh. The article highlights how ongoing geopolitical tensions could further impact inflation rates if the conflict escalates, affecting not only energy but also electricity, housing, food, and construction costs.
Written by AI on 2026-09-27, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

In September, stakeholders and analysts expect Pakistan's inflation rate to slow to between 10.25% and 10.75%, down from an August rate of 11.1%. However, high uncertainty remains due to potential conflicts involving the Gulf region. With Pakistan importing 70% of its oil and gas needs, inflation is highly sensitive to international oil prices, which are currently estimated to hover around $100 per barrel. If tensions escalate further, especially following US President Donald Trump's rejection of Iran’s proposal for the Gulf war, oil prices could surge, affecting Pakistan’s already high inflation rate. Topline Securities projects that oil supplies and price stability will be critical factors in determining Pakistan's future economic conditions.

Written for “Inflation Rates Slowing” on 2026-10-31, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Inflation Rates Slowing
Economy/Business · 1 article(s) covering the same event.

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Hedges 5 of 22 claims Outlet record 66/100
“The articles discuss similar economic impacts of US President Trump's rejection of Iran’s peace proposal but are reporting on different specific time points with varying oil price levels and market reactions.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
20
sentences that state something as happening or true
Uncertain
40%
8 of 20 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
72/100
Dawn's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-27 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Dawn · 2506 article(s) · 3 correction(s) detected
Running correction rate · 3 correction(s)

Who wrote this

Shahid Iqbal
8 article(s) here · 1 carrying a prediction
🔮 Bankers say 100bps hike needed to tame inflation as Middle East conflict drives up oil import costs He said the looming US attacks on Iran are another factor that may push inflation higher and prompt the central bank to deliver a rate hike.
2026-10-25 · assertive framing · Stakeholders see monetary tightening tomorrow
🔮 The IMF had forecast a growth rate of 3.5pc for FY27, but the finance minister said on Tuesday he hoped for a 4pc growth.
🔮 The growth trend could help the government achieve its annual remittance target of $44 billion for FY27.
2026-10-10 · assertive framing · Remittances rise 14pc to $10.9bn in July-Sept
🔮 Consumer Price Index-based inflation of 10.3 per cent in September clearly indicates that industry, businesses, and the general public will bear the brunt of these cost-push inflationary pressures.
2026-10-04 · assertive framing · Tight monetary policy likely to continue
🔮 Iran is now anticipating possible attacks from the US, raising concerns that oil prices could surge.
2026-09-27 · mixed framing · Inflation seen slowing to 10.75pc in September
🔮 State Bank Governor Jameel Ahmad on Friday launched the Pasban Remittance Reward Scheme, under which the banking industry will offer Rs16 billion in annual cash prizes to recipients of home remittances sent through formal channels, with no cost to the national exchequer.
2026-09-26 · assertive framing · Rs16bn bank-funded remittance reward scheme unveiled
🔮 Bankers anticipate a status quo, but some analysts believe the central bank will lift its policy rate by 50 basis points at the Monetary Policy Committee meeting.
2026-09-13 · mixed framing · State Bank in tight spot as inflation rises
Also by Shahid Iqbal
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 8 articles by Shahid Iqbal →

Topics

India Iran KARACHI Pakistan Topline Securities

Subjects

Pakistan GPE · 7× Iran GPE · 2× Bangladesh GPE · 1× Donald Trump PERSON · 1× India GPE · 1× KARACHI GPE · 1× S.S. Iqbal PERSON · 1× Topline ORG · 1× Topline Securities ORG · 1× Turkiye GPE · 1×

Narrative

At the same time, Pakistan, Turkiye and Saudi Arabia are preparing to respond to a possible new conflict involving the Houthis and the kingdom, adding to uncertainty over oil prices and supplies.
framing: mixed · carried by 1 article(s) · first seen 2026-09-27
🔮 Iran is now anticipating possible attacks from the US, raising concerns that oil prices could surge.
2026-09-27 · Dawn
Inflation seen slowing to 10.75pc in September · mixed framing

Claims (20 extracted, 8 hedged)

Some stakeholders and analysts expect inflation in September to slow despite the high uncertainty caused by the ongoing Gulf war. asserted
inflation → expect → war
The financial sector expects oil prices to remain between $90 and $100 per barrel during the remaining days of September and in October. asserted
prices → expect → October
However, the situation has once again changed after US President Donald Trump announced on Saturday that he had rejected Iran’s proposal for the Gulf war. asserted
he → change → war
Iran is now anticipating possible attacks from the US, raising concerns that oil prices could surge. uncertain
prices → anticipate → concerns
Analysts expect oil prices to remain around $100 per barrel if the war resumes. asserted
war → expect → barrel
However, much will depend on the availability of oil supplies in the international market. asserted
much → depend → market
Pakistan imports 70pc of its oil and gas requirements, making inflation highly sensitive to oil prices. asserted
inflation → import → prices
Stakeholders believe oil prices to hover around $100 per barrel Pakistan’s official headline inflation rose sharply to 11.1pc year-on-year in August 2026, up from 9.2pc in July 2026. asserted
inflation → believe → July
According to a Topline Securities report, the Consumer Price Index (CPI) for September is expected to rise 10.25-10.75pc year-on-year, down from 11.1pc in August. uncertain
Index → accord → August
This projection is slightly lower than the August figure, but does not represent a significant decline. asserted
projection → represent → decline
Petroleum prices have been rising daily in Pakistan and have now reached the highest level in the region. asserted
prices → rise → region
India increased petrol prices by 10pc, while Bangladesh reportedly jacked up by 16pc and Pakistan by over 50pc. uncertain
Bangladesh → increase → 50pc
“It is not easy to assess the exact inflation figure for September as oil prices have been changing both internationally and locally. asserted
prices → assess → September
We can only expect slightly lower inflation, with a fear that it may remain close to last month’s level,” said S.S. Iqbal, a money market expert. uncertain
Iqbal → expect → level
With inflation expected to remain at 10.25-10.75pc in September 2026, real interest rates are likely to stand at 75-125 basis points, lower than Pakistan’s historical average of 200-300 basis points, according to the Topline report. uncertain
rates → expect → report
Electricity, housing, food and construction costs have also witnessed increases, suggesting that inflation could come in above analysts’ expectations, particularly if the Gulf war continues for an extended period. uncertain
war → witness → period
At the same time, Pakistan, Turkiye and Saudi Arabia are preparing to respond to a possible new conflict involving the Houthis and the kingdom, adding to uncertainty over oil prices and supplies. asserted
Pakistan → prepare → prices
Any disruption could have a direct impact on Pakistan’s economy and inflation. uncertain
disruption → have → economy
Pakistan’s foreign exchange reserves, currently exceeding $21.4 billion, may provide some cushion against higher oil import costs. uncertain
reserves → exceed → costs
However, they cannot prevent inflationary pressures from rising if the conflict continues and international energy prices remain elevated. asserted
prices → prevent → pressures
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