Inflation Climbs to 7.11 Percent

January 14, 2022 | Investopaper

Nepal Rastra Bank (NRB) has published the report on ‘Current Macroeconomic and Financial Situation of Nepal (Based on Five Month’s Data Ending Mid-Dec, 2021/22)’. As per the latest report, the y-o-y consumer price inflation stood at 7.11 percent in the fifth month of 2021/22 compared to 2.93 percent a year ago.


You May Also Like:

Correlation Between Unemployment and Inflation

Remittance Inflows In Nepal


Food and beverage inflation stood at 5.67 percent whereas non-food and service inflation stood at 8.25 percent in the review month. The price of ghee and oil; transportation; pulses & legumes; education and tobacco products subcategories rose 28.52 percent, 16.25 percent, 11.79 percent, 11.78 percent, and 11.74 percent respectively on a y-o-y basis.

In the review month, the Kathmandu Valley, Terai, Hill, and Mountain recorded 5.91 percent, 7.52 percent, 6.95 percent and 4.91 percent inflation respectively. Inflation in these regions was 3.71 percent, 2.35 percent, 3.95 percent, and 4.22 percent respectively a year ago.

The y-o-y wholesale price inflation stood at 7.22 percent in the review month compared to 7.46 percent a year ago. The y-o-y wholesale price of consumption goods, intermediate goods, and capital goods increased 9.22 percent, 6.11 percent, and 7.24 percent respectively. The wholesale price of construction materials increased 19.34 percent in the review month.


Recommended:

Inflation and Its Impact on Economy & Stock Market

5 Best Ways To Hedge Against Inflation

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!