The year-onyear consumer price inflation (CPI) soared to 7.14 per cent in the eighth month of fiscal year 2021-22 (Mid-February to mid-March) compared to 3.03 per cent a year ago, the latest macroeconomic data of tcentral bank unveiled on Tuesday showed.

This is the second time in this fiscal year that the annual price growth has surged past the 6.5 per cent target set by the Nepal Rastra Bank through the Monetary Policy for 2021- 22.

The CPI had jumped to 7.11 per cent in the fifth month of the fiscal year. Food and beverage inflation stood at 7.51 per cent whereas non-food and service inflation stood at 6.84 per cent in the review month. In the review month, the Kathmandu valley, Tarai, hills and mountains witnessed inflation of 6.31 per cent, 7.36 per cent, 7.69 per cent and 7.56 per cent, respectively.

Inflation in these regions was 2.50 per cent, 3.25 per cent, 3.40 per cent and 1.31 per cent, respectively, a year ago.

A version of this article appears in the print on April 13, 2022, of The Himalayan Times