KATHMANDU, Aug 18: Nepal Rastra Bank (NRB) has failed to control consumer inflation. According to the annual statistics published on Friday, the annual average consumer inflation in the fiscal year 2022/23 BS is 7.74 percent. It is 0.74 percent higher than the target of the central bank.
KATHMANDU, Aug 18: Nepal Rastra Bank (NRB) has failed to control consumer inflation. According to the annual statistics published on Friday, the annual average consumer inflation in the fiscal year 2022/23 BS is 7.74 percent. It is 0.74 percent higher than the target of the central bank.
Inflation in the country has become stable in the current fiscal year compared to 2021/22. That said, inflation on daily consumables continues to rise rapidly.
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The NRB said so while unveiling the monetary policy for the FY 2022/23 on Friday. The NRB target to limit inflation to 7 per cent is lower than the actual inflation of the past FY 8.56% but higher than the target of the last year, 6.5%.
KATHMANDU, July 11: According to the Nepal Rastra Bank (NRB), the inflation rate in Nepal was recorded 8.56 percent in Jestha ( May/June). The rate was 4.19 percent at the same time last year.
The rate was 7.43 percent in food and beverages while it was 9.44 percent in service and other sectors.
The inflation rate was 8.32 percent in Kathmandu, 8.29 percent in Terai region, 9.28 percent in hilly region and 8.92 percent in himalayan region in the month of Jestha.
KATHMANDU: The year-on-year consumer price inflation in the country stood at 7.14 percent in the eight months of 2021/22 compared to 3.03 percent a year ago, according to Nepal Rastra Bank (NRB). Food and beverage inflation stood at 7.51 percent whereas non-food and service inflation stood at 6.84 percent in the review month, it said. […]
KATHMANDU, March 11: According to the latest statistics of the Nepal Rastra Bank (NRB), the inflation rate of Nepal was 5.97 percent in Magh ( Jan/Feb).
Last year, the inflation rate was only 2.70 percent during the same period.
Inflation hits 6 percent in food and beverage while non-food inflation has reached 5.96 percent , according to NRB.
In contrast to the inflation rate in the Magh last year to this year, the inflation in butter and oil, vegetable and pulses were 20.68 percent, 14.07 percent and 9.36 percent respectively. Likewise, inflation in transportation, education and furnishing and household items stood at 15.87 percent, 7.86 percent and 5.92 percent respectively.
On the regional basis, the inflation rate stands at 5.47 percent in Kathmandu Valley, 6.50 percent in Terai, 5.32 in Hilly and 5.97 percent in Himalayan region.
A recent survey by the Nepal Rastra Bank (NRB) has showed that public perception about inflation is quite high with 94 per cent assuming that the price of goods and services will go up in a year’s period.
Public expectation about the inflation in the next three months is staggering 86.9 per cent.