Inflation has started to soar suddenly in the last months of the last fiscal year 2018-19.
According to 'Current Macroeconomic’ of eleven months' of the last fiscal year 2018-19 released today, the inflation, as measured through the consumer price index (CPI), reached 6.2 per cent in mid-June from 4.1 per cent a year ago.
Inflation went up by 5.3 per cent in the last month of the same fiscal year. “Inflation expectation, increment in wages, and price rise in India accelerated inflation in the review period.”
According to the central bank data, the salary index and the wage rate index increased by 6.6 per cent and 10.3 per cent, respectively in the review period.
The food and beverage inflation rose to 6.7 per cent in mid-June 2019 from 3 per cent a year ago. Prices of cereal grains and their products rose by 6.7 per cent, meat and fish by 7.6 per cent, and vegetables by 14.6 per cent, according to the central bank data. “The non-food and service inflation stood at 5.7 per cent in mid-June 2019 compared to 5 per cent a year ago.”
Likewise, clothes, footwear, housing and utilities inflation rose by 7 per cent while transportation inflation went up by 4.7 per cent, according to the the Nepal Rastra Bank (NRB).
The Kathmandu Valley witnessed 7.1 per cent inflation followed by 6.5 per cent in the mountain, 5.8 per cent in the Terai, and 5.7 per cent in the hilly regions, the report revealed, adding that these regions had witnessed 3.1 per cent, 6.4 per cent, 4.2 per cent and 4.9 per cent inflation, respectively in the corresponding period of the previous year.
According to 'Current Macroeconomic’ of eleven months' of the last fiscal year 2018-19 released today, the inflation, as measured through the consumer price index (CPI), reached 6.2 per cent in mid-June from 4.1 per cent a year ago.
Inflation went up by 5.3 per cent in the last month of the same fiscal year. “Inflation expectation, increment in wages, and price rise in India accelerated inflation in the review period.”
According to the central bank data, the salary index and the wage rate index increased by 6.6 per cent and 10.3 per cent, respectively in the review period.
The food and beverage inflation rose to 6.7 per cent in mid-June 2019 from 3 per cent a year ago. Prices of cereal grains and their products rose by 6.7 per cent, meat and fish by 7.6 per cent, and vegetables by 14.6 per cent, according to the central bank data. “The non-food and service inflation stood at 5.7 per cent in mid-June 2019 compared to 5 per cent a year ago.”
Likewise, clothes, footwear, housing and utilities inflation rose by 7 per cent while transportation inflation went up by 4.7 per cent, according to the the Nepal Rastra Bank (NRB).
The Kathmandu Valley witnessed 7.1 per cent inflation followed by 6.5 per cent in the mountain, 5.8 per cent in the Terai, and 5.7 per cent in the hilly regions, the report revealed, adding that these regions had witnessed 3.1 per cent, 6.4 per cent, 4.2 per cent and 4.9 per cent inflation, respectively in the corresponding period of the previous year.
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