Nepal: Inflation in the first seven months eased to 2.70 percent according to NRB

Published 2021년 3월 17일

Tridge summary

Consumer inflation in Nepal for the first seven months of the fiscal year was 2.70%, a decrease of 4.17% compared to the same period last year when it was 6.87%. The inflation rate, as measured by the consumer price index (CPI), was driven by a rise in the prices of fruits, legumes, pulses, ghee, and oil. The highest inflation was recorded in the hills at 3.30%, while it was lower in Kathmandu Valley (2.12%), terai (2.78%), and mountains (2.05%).

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Original content

KATHMANDU, March 17: Consumer inflation stood at 2.70 percent in the first seven months of the current fiscal year, almost one-third of the rate in the same period last year. According to the ‘Current Macroeconomic and Financial Situation of Nepal’ released by the Nepal Rastra Bank (NRB) on Tuesday, the year-on-year inflation, measured in consumer price index (CPI), was moderated by 4.17 percent compared to 6.87 percent during the same period last year. While the food and beverage inflation stood at 3.02 percent, non-food and service inflation stood at 2.44 percent. The rise in the CPI has mainly been attributed to the spike in prices of fruits, legumes and pulses and ghee and oil in particular. According to the NRB report, the price of fruits rose 18.84 percent, that of ghee and oil rose 18.14 percent and those of pulses and legumes rose 10.41 percent. The inflation in the Kathmandu ...

Source: Nagariknetwork