Vegetable price hiked by 26%; workers see no rise in wages: NRB 

Khabarhub

October 21, 2020

2 MIN READ

Vegetable price hiked by 26%; workers see no rise in wages: NRB 

Nepal Rastra Bank building (File Photo)

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KATHMANDU: Nepal Rastra Bank report has revealed that the price of vegetables has been hiked by 26.09%  although the workers and the daily wage earners saw no increment in their salary or other sources of income.

The NRB data shows that the price of cereals has gone up by 13.63%  whereas that of ghee and oil has been hiked by 8.5% and fruits by 6.21% compared to the price-list around this time last year.

Similarly, the price of the food items has also increased by 4%.

Despite the price-hike of food items and liquor, NRB claims that the consumer inflation has been only 4.52% this September. Last year it was 6.16%.

Despite the price hike in food items, non-food items have seen the inflation of 2.68% only. However, the inflation of food items has hit the poor and lower-income people the most.

According to the NRB report, despite the inflation of the food items, the increase in wage and salary is nominal. The salary and wage indicator had shown 1.20% increment in it. This is nominal. Last year, it was 12.90%.

The lockdown, prohibitory order and the closure of industries and other workplaces have resulted in recession this year.

The report shows that the workers of the industrial sector have seen the highest increase in their salary this time.  Their salary has increased by 2.45%.

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