Price inflation jumps to 5.96 percent in mid-August as food prices surge 6.77 percent
Summary
Consumer price inflation in Nepal rose to 5.96 percent in mid-August, driven by a 6.77 percent increase in food and beverage prices and a 5.52 percent rise in non-food goods and services. Madhesh Province recorded the highest inflation at 6.94 percent, while Nepal’s inflation rate was 1.14 percentage points above India’s.
Key Points
- Consumer price inflation in Nepal reached 5.96 percent in mid-August, more than tripling from 1.68 percent in the same period last fiscal year.
- Food and beverage prices rose 6.77 percent, led by higher costs for ghee and oil, fruits, meat and fish, vegetables, and spices.
- Non-food and services prices increased 5.52 percent, with transportation, alcoholic beverages, clothing and footwear, and tobacco among the main drivers.
- Madhesh Province had the highest inflation at 6.94 percent, while Sudurpashchim Province had the lowest at 4.61 percent.
