July 12: The year-on-year consumer price inflation stood at 8.56 percent in the eleventh month of Fiscal Year 2021/22 compared to 4.19 percent a year ago.

According to the latest report of Nepal Rastra Bank, food and beverage inflation stood at 7.43 percent whereas non-food and service inflation stood at 9.44 percent in the review month.

The Current Macroeconomic and Financial Situation Report published by the central bank on Monday states that the average monthly y-o-y inflation for 11 months was 6.09 percent.

Under the food and beverage category, the prices of ghee and oil, milk products and eggs, tobacco products, alcoholic drinks and pulses and legumes sub-categories rose by 22.60 percent, 11.22 percent, 9.70 percent, 9.68 and 9.13 percent respectively on y-o-y basis.

Likewise, under the non-food and services category, the prices of transportation, education, furnishing and household equipment, recreation and culture and housing & utilities sub-categories rose by 25.79 percent, 11.64 percent, 8.30 percent, 8.21 percent and 7.84 percent respectively on y-o-y basis.

In the review month, the Kathmandu Valley, Terai, hill and mountain witnessed 8.32 percent, 8.29 percent, 9.28 percent and 8.92 percent inflation respectively. Inflation in these regions was 3.87 percent, 4.47 percent, 4.32 percent and 1.72 percent respectively a year ago.