KATHMANDU, MAY 12
The year-onyear consumer price inflation (CPI) soared to 7.28 per cent in the ninth month of fiscal year 2021-22 (mid-March to mid-April) compared to 3.10 per cent a year ago, the latest macroeconomic data of central bank unveiled on Wednesday showed.
This is the third time 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.
Food and beverage inflation stood at 7.40 per cent whereas nonfood and service inflation stood at 7.18 per cent in the review month.
The Kathmandu valley witnessed inflation of 6.25 per cent, Tarai 7.61 per cent, hills 7.79 per cent and mountains 8.25 per cent. Inflation in these regions was 3.24 per cent, 2.92 per cent, 3.38 per cent and 1.54 per cent respectively a year ago.
A version of this article appears in the print on May 12, 2022, of The Himalayan Times.
