Inflation dips in Kathmandu Valley, holds steady in Terai, notable increase seen in Hilly region « Khabarhub
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Inflation dips in Kathmandu Valley, holds steady in Terai, notable increase seen in Hilly region


12 May 2024  

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KATHMANDU: The year-on-year consumer price inflation in various regions of Nepal showed a mixed trend with the Kathmandu Valley, Terai, Hill, and Mountain regions recording inflation rates of 4.06 percent, 4.58 percent, 5.33 percent, and 4.32 percent, respectively.

This marks a significant moderation compared to the inflation rates a year ago, which stood at 8.57 percent, 7.68 percent, 7.01 percent, and 7.47 percent, respectively.

The overall year-on-year consumer price inflation in Nepal moderated to 4.61 percent in mid-April 2024, down from 7.76 percent a year ago.

Within the inflation categories, the Food and Beverage category saw an inflation rate of 5.21 percent, while the Non-Food and Service category recorded an inflation rate of 4.14 percent in the review month.

Analyzing the Food and Beverage category, the year-on-year price index of various sub-categories saw mixed trends.

Spices recorded a substantial increase of 22.64 percent, followed by vegetables at 16.99 percent, pulses and legumes at 10.94 percent, cereal grains and their products at 7.59 percent, and non-alcoholic drinks at 6.06 percent.

However, the price index of the ghee and oil subcategory decreased by 10.10 percent.

In the Non-Food and Services category, miscellaneous goods and services saw a notable increase in the year-on-year price index at 12.81 percent, followed by recreation and culture at 12.61 percent, and education at 7.31 percent.

Conversely, the transportation subcategory witnessed a slight decrease of 0.33 percent in the year-on-year price index.

The moderation in consumer price inflation reflects the evolving economic conditions in Nepal, influenced by various factors such as changes in food prices, global market trends, and domestic economic policies.

Publish Date : 12 May 2024 18:01 PM

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