The price hike in vegetables and meat under the food and
beverage group has pushed the inflation above double digit, making central bank
and government mere spectators, despite Monetary Policy and Fiscal Policy both
promising to contain inflation at seven per cent.
The year-on-year inflation – measured by the consumer price index – increased
by 10.3 per cent in mid-December 2013, compared to 10.4 per cent in the same period
of a fiscal year ago, said the central bank today.
"The indices of food and beverage group and non-food and services
group increased by 14.5 per cent and 6.7 per cent respectively in the fifth
month of the current fiscal year against increased by 8.7 per cent and 11.8 per
cent in the same period of last fiscal year," it said, adding that under
the items of the food and beverage group, price index of vegetables sub-group increased
by the highest rate of 36.6 per cent compared to an increase of only four per cent
in the same period of the last fiscal year. "The price indices of meat and
fish sub-group and fruits sub-group which had increased by 13.3 per cent and seven
per cent in the same period of previous year, went up by 27.9 per cent and 16.8
per cent, respectively in the fifth month of the current fiscal year."
Likewise, the price index of clothing and footwear increased by 11.7 per
cent compared to an increase of 13.9 per cent in the same period of the last
fiscal year, whereas the price indices of furnishing and household equipment
sub-group and miscellaneous goods and services sub-group increased by 8.4 per
cent and 8.2 per cent respectively against an increase by 15.6 per cent and
10.8 per cent respectively in the same period of the last fiscal year.
Region-wise, the price indices in Tarai
increased by 10.9 per cent followed by Kathmandu Valley and Hilly region with
10.7 per cent and 8.7 per cent against the increment of 11.1 per cent, 8.8 per
cent and 11.2 per cent, respectively in the same period of the last fiscal year.
No comments:
Post a Comment