September 17: The year-on-year (y-o-y) consumer price inflation in Nepal stood at 7.52 percent in mid-August 2023 compared to 8.26 percent a year ago.

According to the latest report of Nepal Rastra Bank (NRB), food and beverage inflation stood at 8.95 percent whereas non-food and service inflation stood at 6.42 percent in the review month.

Under the food and beverage category, y-o-y price index of spices sub-category increased 45.56 percent, cereal grains and their products 13.20 percent, milk products and eggs 12.19 percent, restaurant and hotel 11.05 percent and vegetable 10.80 percent while the y-o-y price index of ghee and oil sub-category decreased 15.13 percent, states the Current Macroeconomic and Financial Situation Report published by NRB on Sunday.

Under the non-food and services category, y-o-y price index of recreation and culture sub-category increased 15.55 percent, education 9.10 percent, housing and utilities 6.93 percent and furnishing and household equipment 6.79 percent while y-o-y price index of transportation sub-category decreased 0.81 percent.

In the review month, y-o-y consumer price inflation in the Kathmandu Valley, Terai, hill and mountain regions stood at 8.50 percent, 6.70 percent, 7.50 percent and 11.46 percent respectively. Inflation in these regions were 7.39 percent, 8.72 percent, 8.64 percent and 6.64 percent respectively a year ago.