Annual inflation posts 3.75 percent in eight months of fiscal year

KATHMANDU: In the eight months of the current fiscal year, 2081/82, the year-on-year inflation has been recorded to be at 3.75 percent.

The Nepal Rastra Bank (NRB) made public the statistics on macroeconomic and financial status of the country in the last eight months on Wednesday and claimed that the inflation was within limit.

The inflation of the food and beverage in this period was 3.34 percent and the inflation in non-food and service category stood 3.97 percent.

The Year-on-year national consumer price index posted the increase of ghee and old under food and beverages by 13.74 percent, pulse and legumes by 7.80 percent, fruits by 6.82 percent, and non-alcohol drinks by 5.15 percent. However, the index of spices decreased by 5.17 percent, of vegetables by 1.24 percent, and of fish and meat by 0.74 percent.

Till the month of Falgun, the y-0-y consumer price index in rural area increased by 4.18 percent while of urban area by 3.60 percent.

During this period, Koshi Province witnessed highest inflation- 5.68 percent, while Gandaki Province the lowest – 2.77 percent.