Consumer Goods Prices Rise in Nepal Amid Approaching General Elections
Summary
Prices of essential goods like cooking oil, rice, and lentils have risen in Nepal ahead of general elections amid supply irregularities and increased costs. The Department of Commerce has intensified market monitoring to curb price hikes and black marketing.
Key Points
- Prices of cooking oil, rice, and lentils have increased by NPR 25 to NPR 30 per liter recently in Nepal.
- Retail traders attribute price hikes to higher MRPs set by producers and importers due to rising dollar exchange rates and raw material costs.
- State-owned Salt Trading Corporation maintains old prices for salt, lentils, and rice stocks but may adjust prices for goods currently being procured.
- The Department of Commerce has intensified monitoring and action against black marketing to ensure smooth supply amid rising demand and complaints.
