Inflation Drops to 4.61 Percent

May 12, 2024 | Investopaper

Nepal Rastra Bank (NRB) has published the annual report on ‘Current Macroeconomic and Financial Situation of Nepal (Based on 9 Months’ Data Ending Mid-April, 2023/24)’. As per the latest report, the annual average consumer price inflation stood at 4o 4.61 percent in mid-April 2024 compared to 7.76 percent a year ago.


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Food and beverage category inflation stood at 5.21review percent whereas non-food and service category inflation stood at 4.14 percent in the review month. Under the Food and Beverage Category, y-o-y price index of spices sub-category increased 22.64 percent, vegetable 16.99 percent, pulses & legumes 10.94 percent, and cereal grains & their products 7.59 percent and non-alchoholic drinks 6.06 percent in the review month. The y-o-y price index of ghee & oil subcategory decreased 10.10 percent in the review month.

Under the Non-Food and Services Category, y-o-y price index of miscellaneous goods & services sub-category increased 12.81 percent, recreation & culture 12.61 percent and education 7.31 percent in the review month. The y-o-y price index of transportation sub-category decreased 0.33 percent in the review month.

The y-o-y consumer price inflation in the Kathmandu Valley, Terai, Hill and Mountain region stood at 4.06 percent, 4.58 percent, 5.33 percent and 4.32 percent respectively in the review month. Such inflation in these regions were 8.57 percent, 7.68 percent, 7.01 percent and 7.47 percent respectively a year ago.

The y-o-y wholesale price index of consumption goods, intermediate goods and capital goods increased 9.64 percent, 2.88 percent and 1.56 percent respectively.The y-o-y wholesale price index of construction material decreased 7.20 percent in the review month.


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