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%.
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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.
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.
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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 |
Published Date: May 10, 2023, 12:00 am
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