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Consumer Price Inflation Surges to 7.38 Percent

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Consumer Price Inflation Surges to 7.38 Percent
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January 15: The year-on-year consumer price inflation in Nepal surged to 7.38 percent in mid-December compared to 7.11 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).

The Current Macroeconomic and Financial Situation Report published by the central bank on Friday revealed that the food and beverage inflation stood at 5.85 percent whereas non-food and service inflation rose to 8.59 percent in the review month, among which transportation cost increased the most.

Under the food and beverage category, the y-o-y consumer price index of restaurant and hotel sub-category increased 15.56 percent, tobacco products 11.81 percent, cereal grains and their products 9.39 percent, milk products and eggs 9.07 percent, and alcoholic drinks 8.84 percent.

Similarly, under the non-food and services category, the y-o-y consumer price index of transportation sub-category increased 17.33 percent, health 11.22 percent, recreation and culture 8.76 percent, housing and utilities 8.29 percent and furnishing and household equipment 8.29 percent.

In the review month, consumer price inflation in the Kathmandu Valley, Terai, hill and mountain areas stood at 6.56 percent, 8.00 percent, 7.32 percent and 6.48 percent respectively. Inflation in these regions were 5.91 percent, 7.52 percent, 6.95 percent and 4.91 percent respectively a year ago.

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