Nepal’s consumer price inflation remains at 7.76 pc in mid-April: NRB

KATHMANDU: The year–on–year consumer price inflation remained at 7.76% in mid-April 2023 compared to 7.28% a year ago, according to the current macroeconomic and financial situation of Nepal based on nine months' data of the current fiscal year 2022/23 issued by Nepal Rastra Bank (NRB). It may be noted that in the current fiscal year, the government has a target of limiting inflation below 7%. [caption id="attachment_36302" align="alignnone" width="1000"] Source: NRB[/caption] According to NRB report, food and beverage inflation stood at 6.93% while nonfood and service inflation rose to 8.42% in the review month.

y-o-y Consumer Price Inflation (Per cent)
Mid-Month
Particulars	Mar/Apr 2022	Feb/Mar 2023	Mar/Apr 2023
Overall Inflation	7.28	7.44	7.76
Food and Beverage	7.4	5.64	6.93
Non-food and Service	7.18	8.87	8.42

Under the food and beverage category, y-o-y price index of restaurant and hotel sub-category increased 14.68%, spices 14.67%, cereal grains & their products 13.72%, fruit 11.00% and tobacco products 10.83%. Under the non-food and services category, yo-y price index of health sub-category increased 10.39%, housing & utilities 9.54%, recreation & culture 8.81%, furnishing & household equipment 8.74%, and education 8.67%. In the review month, consumer price inflation in the Kathmandu Valley, Tarai, Hill and Mountain surged to 8.57%, 7.68%, 7.01% and 7.47% respectively. Inflation in these regions were 6.25%, 7.61%, 7.79% and 8.25% respectively a year ago. READ ALSO:

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