KATHMANDU: The consumer price inflation stood at 7.50% in mid-October 2023 compared to 8.50% a year ago, according to the macroeconomic and financial situation report released by Nepal Rastra Bank (NRB) on November 10.
Food and beverage category inflation stood at 8.38% while non-food and service category inflation stood at 6.81% according to three months’ data.
Under the food and beverage category, y-o-y consumer price index of spices sub-category increased 37.63%, sugar and sugar products 18.22%, fruit 14.02%, cereal grains and their products 12.23% and milk products and eggs 11.92%. The y-o-y consumer price index of ghee and oil subcategory decreased 11.61% in the first three months of current fiscal year.
Under the non-food and services category, y-o-y consumer price index of recreation and culture subcategory increased 15.55%, miscellaneous goods and services 12.11%, education 9.10%, housing and utilities 8.08% and furnishing and household equipment 6.25%. The y-o-y consumer price index of transportation sub-category decreased 1.62% in the review month.
The y-o-y consumer price inflation in the Kathmandu Valley, Tarai, Hill and Mountain region surged to 10.23%, 5.66%, 7.38% and 10.24% respectively. Inflation in these regions were 6.93%, 9.42%, 8.84% and 7.07% respectively in the previous fiscal year .
