The consumer price inflation has dropped noticeably in the first eight months of the current fiscal year 2020/21.
According to the current macroeconomic and financial report published by Nepal Rastra Bank (NRB) on Monday, the year-on-year (y-o-y) consumer price inflation stood at 3.02 per cent in the first eight months of fiscal year 2020/21 compared to 6.70 per cent a year ago.
Food and beverage inflation stood at 3.80 per cent whereas non-food and service inflation stood at 2.41 per cent in the review month.
The price of ghee and oil, fruit, tobacco products, and pulses and legumes sub-groups rose by 19.97 per cent, 13.67 per cent, 10.41 per cent and 10.17 per cent respectively on y-o-y basis.
In the review month, the Kathmandu Valley, Terai, Hill and Mountain witnessed 2.50 per cent, 3.25 per cent, 3.40 per cent and 1.14 per cent inflation respectively.
These regions had witnessed 7.61 per cent, 6.84 per cent, 5.53 per cent and 5.42 per cent inflation respectively a year ago.
The y-o-y wholesale price inflation stood at 6.30 per cent in the review month compared to 6.57 per cent a year ago.
The y-o-y wholesale price of consumption goods, intermediate goods and capital goods increased by 8.45 per cent, 5.59 per cent and 3.47 per cent respectively.
The wholesale price of construction materials increased by 4.92 per cent in the review period.
The y-o-y salary and wage rate index increased by 1.89 per cent in the review month. Such growth rate was 7.51 per cent a year ago.
In the review period, wage rate index increased by 2.43 per cent, while salary index remained constant.
Source : THE RISING NEPAL,
