The year-on-year consumer price inflation moderated to 3.85 percent in mid-September 2024 compared to 8.19 percent a year ago.
While food and beverage inflation stood at 5.03 percent, the nonfood and service inflation stood at 3.19 percent in the review month, according to the Nepal Rastra Bank’s Macroeconomic and Financial Situation Report Published Tuesday, October 15. During the same period in the previous year, the price indices of these groups had increased by 9.77 percent and 7.19 percent, respectively.
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Under the food and beverage category, the year-on-year price index of vegetable sub-category increased 9.84 percent, pulse and legumes 10.8 percent, cereal grains and their products 9.34 percent and fruit 4.94 percent while year-on-year price index of spices sub-category decreased 2.69 percent.
Under the non-food and services category, the year-on-year price index of miscellaneous goods and services subcategory increased 8.71 percent, alcoholic drinks 6.76 percent, clothes and footwear 6.08 percent and furnishing and household equipment 4.88 percent.
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During the review month, the year-on-year price index in rural areas increased by 4.04 percent, while in urban areas, it rose by 3.78 percent, the report added.
Based on provinces, the year-on-year consumer price inflation in Koshi Province stood at 4.66 percent, Madhesh Province 3.82 percent, Bagmati Province 3.29 percent, Gandaki Province 3.5 percent, Lumbini Province 3.53 percent, Karnali Province 3.56 percent, and Sudurpaschim Province 5.90 percent.
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In the review month, the year-on-year consumer price inflation in the Kathmandu valley, terai, hill and mountain regions stood at 3.49 percent, 4.09 percent, 3.61 percent and 4.19 percent respectively. Inflation in these regions were 9.83 percent, 7.03 percent, 8.09 percent and 11.32 percent respectively a year ago.