price control oriented

29 December, Kathmandu. The country, which has experienced high inflation since the first month of the current fiscal year (FY) 2079/80, appeared to be under control in the last month. According to the data published by Nepal Rastra Bank till November, the inflation rate in the middle of November was 7.38 percent. The inflation rate till October was 8.08 per cent.

The annual point consumer inflation stood at 8.50 per cent at the end of October. In comparison, there has been an improvement in the price hike in November. Food and beverages inflation stood at 5.85 per cent and non-food and services group inflation at 8.59 per cent by mid-November.

During this period, the annual index number of restaurant and hotel sub-group under food and beverage group was 15.56 percent, tobacco 11.81 percent, food and food products 9.39 percent, dairy products and eggs 9.07 percent and beverages 8 percent. There has been an increase of 84 percent in this.

The non-food and services group saw an increase of 17.33 per cent in transport, 11.22 per cent in health, 8.76 per cent in entertainment and culture, 8.29 per cent in household articles and 8.29 per cent in furnishing and home appliances. According to the data, the inflation rate is 6.56 per cent in the Kathmandu Valley, 8 per cent in the Terai, 7.32 per cent in the hills and 6.64 per cent in the hills.

Source: OnlineKhabar

Himal Sanchar