Inflation Climbs To 7.87 Percent

June 12, 2022 | Investopaper

Nepal Rastra Bank (NRB) has published the report on ‘Current Macroeconomic and Financial Situation of Nepal (Based on Ten Month’s Data Ending Mid-May, 2021/22)’. As per the latest report, the y-o-y consumer price inflation stood at 7.87 percent in the tenth month of FY 2021/22 compared to 3.65 percent a year ago. Food and beverage inflation stood at 7.13 percent whereas non-food and service inflation stood at 8.45 percent in the review month. The average monthly y-o-y inflation for 10 months recorded 5.84 percent.

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Under the food and beverage category, the prices of ghee & oil, fruits, milk products & eggs, pulses & legumes, and tobacco products sub-categories rose by 24.86 percent, 12.61 percent, 11.30 percent, 10.53 and 9.70 percent respectively on y-o-y basis. Likewise, under the non-food and services category, the prices of transportation, education, and recreation & culture sub-categories rose by 21.81 percent, 11.64 percent and 8.21 percent respectively on y-o-y basis.

In the review month, the Kathmandu Valley, Terai, Hill and Mountain witnessed inflation of 7.39 percent, 8.15 percent, 7.89 percent and 8.21 percent respectively. Inflation in these regions was 3.62 percent, 3.51 percent, 4.14 percent and 1.33 percent respectively a year ago.

The y-o-y wholesale price inflation stood at 16.06 percent in the review month compared to 8.05 percent a year ago. The average monthly y-o-y wholesale price inflation for 10 months was 8.71 percent.

Similarly, the y-o-y salary and wage rate index increased by 8.52 percent in the review month. Such a growth was 1.89 percent a year ago.


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