October 23: The year-on-year (y-o-y) consumer price inflation stood at 8.64 percent in the second month of the current fiscal year (FY 2022/23) compared to 3.49 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).

The Current Macroeconomic and Financial Situation Report of Nepal released by the central bank on Friday stated that the food and beverage inflation stood at 8.17 percent whereas non-food and service inflation stood at 9.02 percent in the review month.    
Under the food and beverage category, the prices of fruit, ghee and oil, restaurant and hotel,    
alcoholic drinks and vegetable sub-categories increased by 17.29 percent, 14.53 percent, 12.30 percent, 10.24 and 9.94 percent respectively on y-o-y basis.

Similarly, under the non-food and services category, the prices of transportation, health, furnishing and household equipment, education, and housing and utilities sub-categories increased by 23.41 percent, 10.54 percent, 9.25 percent, 8.11 percent and 7.69 percent respectively on y-o-y basis in the review month.    
Similarly, in the review month, consumer price inflation in the Kathmandu valley, terai, hill and mountain stood at 7.62 percent, 9.33 percent, 8.82 percent and 6.68 percent respectively. Inflation in these regions was 3.23 percent, 3.65 percent, 3.96 percent and 3.51 percent respectively a year ago.    
The y-o-y consumer price inflation in Nepal as of mid-September of 2022/23 remained 8.64 percent. Such inflation in India stood at 7.41 percent in September 2022.