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<p>Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>
<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
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<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year’s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>
<p>Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>
<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
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<p>Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>
<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
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<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
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March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli’s India visit.
Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year’s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.
Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.
In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.
The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports. The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.
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'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli’s India visit.</p>
<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year’s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>
<p>Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>
<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports. The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
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<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year’s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>
<p>Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>
<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports. The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
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<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year’s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>
<p>Nepal’s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>
<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>
<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports. The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
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