November 17: The year-on-year (y-o-y) consumer price inflation has hit 8.50 per cent in the first quarter of the current fiscal year (FY 2022/23) compared to 4.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB). 

The Current Macroeconomic and Financial Situation Report released by the central bank on Wednesday shows that inflation is highest is the Terai region at 9.42 percent followed by 8.84 percent in the hills, 7.07 in the mountainous region and 6.93 in the Kathmandu Valley.

In the review period, food and beverage inflation stood at 8.05 percent whereas non-food and service inflation registered 8.85 percent.

Under the food and beverage category, the y-o-y consumer price inflation of restaurant and hotel sub-category increased 15.91 percent, followed by fruit (12.06 percent), alcoholic drinks (10.24 percent), milk products and eggs (9.45 percent) and tobacco products (8.44 percent).

Under the non-food and services category, y-o-y consumer price inflation of transportation sub-category increased 21.15 percent, followed by health (10.54 percent), furnishing and household equipment (9.45 percent), education (8.11 percent) and housing and utilities (7.68 percent).