According to the data of the National Bank, the price increase has decreased, but it has not decreased in the market

According to the 10-month data published by the National Bank of India, the consumer price increase rate has decreased from 4.40 percent to 2.77 percent, but the price of most food items in the market has increased.

Jestha 28, 2082

Raju Chaudhary

According to the data of the National Bank, the price increase has decreased, but it has not decreased in the market

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Even though Nepal Rastra Bank has mentioned that consumer price inflation has decreased, the market has not shown this. In the data released by the bank on Tuesday, it is mentioned that the annual point consumer price increase rate (inflation) decreased to 2.77 percent last May.

 

In the same month last year, the bank claims that the price increase rate was 4.40 percent. But looking at the market price, the price of most of the goods has increased. Common people have not felt the price reduction .

The prices of most food items including rice, oil, turmeric, corn, wheat have increased according to the Nepal Retail Trade Association. The general secretary of the association Amulkaji Tuladhar said that the price of the most edible oil and turmeric has increased. Compared to the 10 months of the current financial year, the prices of a few items have decreased, but they have increased in most of them. Even though the government data shows that the price has decreased, the reality of the market is not the same, he said, "The price of food items has not decreased, but has increased". The price of cooking oil has increased rapidly. Roasted mustard oil, which was priced at Rs 370 per liter in July, has increased to Rs 410 in May. Raw mustard oil has increased from Rs 300 to Rs 325 per liter and soybean oil has increased from Rs 210 to Rs 250 per liter. Sunflower oil has also increased from Rs 210 per liter to Rs 250.

Turmeric has increased by 100 rupees per kilo. According to the association, the price of turmeric has increased to 450 rupees from 350 rupees per kilo last July. The union says that the role of big traders (industry, importers) is more important than retail in the price of food items. There is a syndicate of big traders in the market. They are the ones who set the price . Prices are determined based on retail and wholesale purchases. The dealer increases the price and the retailer also increases it,' Tuladhar said, 'According to the data provided by the Customs Department, the National Bank did not match the market. Customs is exempted by devaluing the goods . Businessmen claim that the price is not in sync with the market price as the National Bank analyzes the market on the same basis. Madhav Timalsina, president of the Consumer Rights Research Forum, also said that the data of Rashtra Bank does not match with the market in the case of food items. Looking at the market, it seems that everything has increased. A complaint has also been filed on this matter. But it seems that the National Bank has published the data of price increase, it should be clarified on what basis the price has decreased,' he said, 'common people have not felt the price decrease.' According to

association, the price of one kilo of Pokhareli rice was Rs 110 last July. By the time of Baisakh, the price has increased to 120 rupees for 1 kg. The price of a kilo of Taichin Chiura has also increased from 150 rupees to 180 rupees. The price of Musur dal, which costs Rs 160 per kg, has increased to Rs 165, and the price of moong dal, which costs Rs 165 per kg, has increased to Rs 200. In Rajma, the price of food items including wheat, corn, and flour has also increased, the association said.

Director General of Commercial Supply and Consumer Protection Department Kumar Dahal also confirmed that the price of food items has not decreased. He claims that there has been at least a 5 percent price increase in food items. It seems that the price of clothes has decreased, but not so much for food. At least 5 percent price increase is seen in food items . As Rashtra Bank takes average percentage on more than 650 items, it may be seen that there has been a decrease," Director General Dahal said . He says that the price of food items has not decreased due to lack of internal production and supply.

Rastra Bank has said that there is a decrease in price increase due to external rather than internal reasons. According to the bank, the import price index has decreased by 2.6 percent in the 10 months of the current financial year.

Raju

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