Average price increase limited to 2.42 percent in last month
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The average price that consumers pay when purchasing goods and services in the market, i.e. market price, has remained at 2.42 percent in December. This growth rate was 5.41 percent in December last year. On this basis, the price increase appears to have decreased by 2.99 percentage points compared to the previous year.
According to the report of the National Bank, the average inflation rate in the first 6 months of the fiscal year 2082/83 is 1.70 percent. In the same period last year, the average inflation rate was 4.97 percent.
In the 6 months of the current fiscal year, the inflation rate of the food and beverage group has been negative by 0.09 percent. In the same period, the inflation rate of the non-food and service group has remained at 3.81 percent. In the month of Poush last year, the inflation rates of these groups were 7.67 percent and 4.19 percent, respectively.
In the last 6 months, the annual point consumer price index of the fruit sub-group under the food and beverage group has increased by 5.20 percent. Similarly, the Rastra Bank has stated that ghee and oil have increased by 4.96 percent and non-alcoholic beverages by 3.04 percent.
Similarly, the index of the pulses and legumes sub-group has decreased by 5.52 percent. The price of spices has decreased by 3.92 percent and that of other food and food products by 3.70 percent.
The annual point consumer price index of the miscellaneous goods and services sub-group under the non-food and services group has increased by 21.75 percent. The price increase in education has been 7.56 percent, in clothing and footwear by 5.29 percent, in tobacco products by 4.15 percent and in alcoholic beverages by 3.85 percent.
Meanwhile, the annual point consumer price index of the insurance and financial services sub-group has decreased by 0.03 percent, according to the report of the Nepal Rastra Bank.
