The four-month long lockdown by the government to contain the coronavirus (Covid-19) has brought down the price hike as the market remained almost closed down for 120 days from March 24.
The year-on-year consumer price inflation stood at 3.49 per cent in mid-August 2020 compared to 6.95 per cent a year ago revealed the central bank’s Macroeconomic Update report – for the first month of the current fiscal year – released today.
Food and beverage inflation stood at 5.38 per cent whereas non-food and service inflation stood at 2.04 per cent in the first month of the current fiscal year, the report reads, adding that the price of pulses and legumes, meat and fish and tobacco products rose significantly compared to mid-July 2019. “The price of vegetables increased by 28.21 per cent in mid-August 2020 compared to a month ago.”
Likewise, Kathmandu Valley, Tarai, hills and mountains witnessed 3.31 per cent, 4.02 per cent, 2.72 per cent and 4.07 per cent inflation, respectively, the report further reads, adding that these regions had witnessed 8.63 per cent, 6.46 per cent, six per cent and 5.57 per cent inflation, respectively, a year ago.
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