Kathmandu: The year over year consumer price inflation stood at 3.49 percent in the second month of 2021/22. The consumer price inflation was 4.52 percent during the same period of last FY.
The two months’ report entitled ‘Current Macroeconomic and Financial Situation of Nepal’ unveiled by Nepal Rastra Bank shows that Food and beverage inflation stood at 2.57 percent whereas non-food and service inflation stood at 4.22 percent in the review month.
Source: Nepal Rastra Bank
The price of ghee and edible oil, meat and fish, non-alcoholic drinks, tobacco products and transportation sub-categories rose 28.91 percent, 10.66 percent, 10.25 percent, 9.99 percent and 9.92 respectively on y-o-y basis.
In the review month, the Kathmandu Valley, Terai, Hill and Mountain witnessed 3.23 percent, 3.65 percent, 3.96 percent and 3.51 percent inflation respectively. Inflation in these regions was 3.66 percent, 4.71 percent, 4.73 percent and 4.51 percent respectively during the same period of last FY.
The y-o-y wholesale price inflation stood at 3.11 percent in the review month compared to 8.80 percent a year ago. The y-o-y wholesale price of consumption goods declined 0.73 percent while that of intermediate goods and capital goods increased 4.94 percent and 6.21 percent respectively. The wholesale price of construction materials increased 12.03 percent in the review month.
Similarly, the y-o-y salary and wage rate index increased 4.84 percent in the review month. Such a growth rate was 1.20 percent a year ago. In the review month, salary index and wage rate index increased 9.44 and 3.52 percent, respectively.
The report states that the y-o-y consumer price inflation in Nepal in the second month of 2021/22 remained 3.49 percent. Such an inflation rate in India was 4.35 percent in September 2021.