Money & Finance
Consumer price inflation remained at 8.64 per cent in the second month of 2022/23 compared to 3.49 per cent a year ago, said the Nepal Rastra Bank (NRB).
According to the Current Macroeconomic and Financial Situation of Nepal data released by the Central Bank on Friday, the inflation for food and beverage stood at 8.17 per cent. On the other hand, the non-food and service inflation stood at 9.02 per cent in the review month.
Under the food and beverage category, the prices of fruit, ghee and oil, restaurant and hotel, alcholic drinks and vegetable sub-categories increased by 17.29 per cent, 14.53 per cent, 12.30 per cent, 10.24 per cent and 9.94 per cent, respectively, year on year.
Under the non-food and services category, the prices of transportation, health, furnishing and household equipment, education and housing and utilities sub-categories increased by 23.41 per cent, 10.54 per cent, 9.25 per cent, 8.11 per cent and 7.69 per cent respectively, year on year in the review month.
Similarly, in the review month, consumer price inflation in the Kathmandu Valley, Terai, Hill and Mountain stood at 7.62 per cent, 9.33 per cent, 8.82 per cent and 6.68 per cent, respectively. On the other hand, inflation in these regions was 3.23 per cent, 3.65 per cent, 3.96 per cent, and 3.51 per cent respectively, a year ago.
The consumer price inflation in Nepal as of mid-September 2022/23 remained 8.64 per cent. Such inflation in India stood at 7.41 percent in September 2022.
The NRB said the wholesale price inflation increased by 14.00 per cent in the review month compared to 3.11 per cent a year ago.
The wholesale price of consumption goods, intermediate goods and capital goods increased by 12.91 per cent, 15.93 per cent and 6.36 per cent, respectively in the review month compared to the same period last year. On the other hand, the wholesale price of construction materials increased by 19.36 per cent in the review month.
The salary and wage rate index increased by 11.68 per cent in the review month, compared to 4.84 per cent a year ago. In the review month, salary and wage rate indexes increased by 12.39 and 11.46 per cent, respectively. - RSS
