December 16: The year-on-year consumer price inflation stood at 5.32 percent in the fourth month of the current fiscal year (FY 2021/22) compared to 4.05 percent a year ago. According to a report made public by the Nepal Rastra Bank (NRB) on Wednesday, food and beverage inflation stood at 4.79 percent whereas non-food and service inflation stood at 5.73 percent in the review month.

The price of ghee and oil; transportation; meat and fish; non-alcoholic drinks; tobacco products and pulses and legumes sub-categories rose 29.11 percent, 12.36 percent, 10.91 percent, 10.70 percent 10.30 percent and 10.24 percent respectively on y-o-y basis, says the Current Marcoeconomic and Financial Situation Report published by the NRB.

In the review month, the Kathmandu Valley, Terai, hill and mountain areas recorded 6.14 percent, 3.95 percent, 7.14 percent and 5.00 percent inflation respectively.

Similarly, the y-o-y wholesale price inflation stood at 6.68 percent in the review month compared to 9.41 percent a year ago. According to the report, the y-o-y wholesale price of consumption goods, intermediate goods and capital goods increased 7.43 percent, 6.15 percent and 7.26 percent respectively. The wholesale price of construction materials increased 20.10 percent in the review month.

Likewise, the y-o-y salary and wage rate index increased 5.03 percent in the review month. Such a growth rate was 0.85 percent a year ago. In the review month, salary index and wage rate index increased 9.44 and 3.77 percent, respectively.

The y-o-y consumer price inflation in Nepal in the fourth month of 2020/21 remained 5.32 percent, while inflation in India was 4.91 percent in November 2021.