February 6: The year-on-year (y-o-y) consumer price inflation increased to 7.26 percent in mid-January 2023 compared to 5.65 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).

The Current Macroeconomic and Financial Situation Report released by NRB on Monday states that the food and beverage inflation stood at 5.62 percent whereas non-food and service inflation rose to 8.57 percent in the review month.

Under the food and beverage category, y-o-y consumer price index of restaurant and hotel sub-category increased 15.56 percent, tobacco products 11.81 percent, milk products and eggs 9.70 percent, cereal grains and their products 9.56 percent and alcoholic drinks 8.84 percent.

Under the non-food and services category, y-o-y consumer price index of transportation sub-category increased 16.43 percent, health 11.22 percent, recreation and culture 8.76 percent, miscellaneous goods and services 8.68 percent and furnishing and household equipment 8.33 percent.

In the review month, consumer price inflation in the Kathmandu Valley, Terai, Hill and Mountain surged to 6.93 percent, 7.49 percent, 7.30 percent and 6.69 percent respectively. Inflation in these regions were 5.28 percent, 6.15 percent, 5.34 percent and 5.22 percent respectively a year ago.