Inflation Hikes to 6.05 Percent
January 12, 2025 | Investopaper
Nepal Rastra Bank (NRB) has published the report on ‘Current Macroeconomic and Financial Situation of Nepal (Based on 5 Months Data Ending Mid-December, 2024/25)’. As per the latest report, the y-o-y consumer price inflation stood at 6.05 percent in mid-December 2024 compared to 4.95 percent a year ago.
Food and beverage inflation stood at 9.99 percent whereas nonfood and service inflation stood at 3.92 percent in the review month. During the same period in the previous year, the price indices of these groups had increased by 5.00 percent and 4.92 percent respectively.
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Under the food and beverage category, y-o-y price index of vegetable sub-category increased 43.05 percent, pulses and legumes 10.66 percent, cereal grains & their products 9.70 percent and ghee & oil 9.39 percent while y-o-y price index of spices sub-category decreased 1.18 percent and sugar & sugar products 0.83 percent.
Likewise, under the non-food and services category, y-o-y price index of miscellaneous goods & services sub-category increased 7.98 percent, alcoholic drinks 7.01 percent, clothes and footwear 6.75 percent and furnishing & household equipment 5.29 percent.
Based on provinces, in the review month, y-o-y consumer price inflation in Koshi is 7.36 percent, Madhesh 6.77 percent, Bagmati 5.84 percent, Gandaki 4.81 percent, Lumbini 5.53 percent, Karnali 4.19 percent, and Sudurpashchim 6.66 percent.
In the review month, y-o-y consumer price inflation in the Kathmandu Valley, Terai, Hill and Mountain region surged to 5.82 percent, 6.31 percent, 5.65 percent and 6.58 percent respectively.
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