Inflation Rising: NRB Report

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Inflation Rising: NRB Report

May 12: The year-on-year consumer price inflation stood at 7.28 percent in the ninth month of the current fiscal year (FY 2021/22) compared to 3.10 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).

The Current Macroeconomic and Financial Situation Report published by the central bank on Wednesday states that food and beverage inflation stood at 7.40 percent whereas non-food and service inflation stood at 7.18 percent in the review month.

Average inflation remained 5.62 percent during the review period, the report further said.

Under the food and beverage category, the prices of ghee and oil, milk products and eggs, pulses and legumes, and tobacco products and its sub-categories rose by 28.36 percent, 11.56 percent, 10.53 and 8.91 percent respectively on y-o-y basis.

Likewise, under the non-food and services category, the prices of transportation, education, and miscellaneous goods and services sub-categories rose by 20.16 percent, 8.79 percent and 8.17 percent respectively on y-o-y basis.

In the review month, the Kathmandu Valley, Terai, hill and mountain regions witnessed 6.25 percent, 7.61 percent, 7.79 percent and 8.25 percent inflation respectively. According to the NRB report, inflation in these regions was 3.24 percent, 2.92 percent, 3.38 percent and 1.54 percent respectively a year ago. Similarly, the y-o-y wholesale price inflation stood at 14.42 percent in the review month compared to 6.14 percent a year ago. The y-o-y wholesale price of consumption goods, intermediate goods and capital goods increased 17.07 percent, 14.13 percent and 7.22 percent respectively. The y-o-y wholesale price of construction materials increased 25.22 percent in the review month.

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