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CPI Inflation 10.6 per cent

Monday, May 30th, 2011
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The year-on-year (y-o-y) inflation as measured by the consumer price index increased to 10.6 per cent in mid-April 2011 from 14.3 per cent in the corresponding period of the previous year, Nepal Rastra Bank (NRB) stated in its report about the current Macroeconomic Situation based on the nine months’ data of the FY 2010/11.

During the review period, the index of food and beverage group increased by 17.3 per cent and the index of non-food and services group increased by 5.2 per cent. The indices of these groups had increased by 16.1 pe rcent and 6.3 per cent respectively in the corresponding period of the previous year, it is stated.

Similarly, NRB stated that during the review period, of the items under food and beverage group, price index of vegetables sub groups increased by the highest rate of 61.1 per cent compared to an increase of 5.3 per cent in the corresponding period of the previous year. The price indices of fruits and spices, which had increased by 19.7 per cent and 31.4 per cent respectively in the same period of the previous year, increased by 32.1 per cent and 21.1 pe rcent respectively during the review period.

Within the group of non-food and services, the price index of clothing and footwear increased by 16.9 per cent which had increased by 6.6 per cent in the corresponding period of the previous year. The price index of transport, which had decreased by 0.7 per cent in the corresponding period of the previous year, increased by 11.4 per cent in the review period.

Region-wise, the price index in Kathmandu Valley increased by 12.9 per cent followed by 11.9 percent in Hills and 8.2 per cent in Terai during the review period. The respective growth rates were 12.2 pe rcent, 15.1 per cent and 15.3 per cent in the corresponding period of the previous year.

Likewise, during the review period, the y-o-y wholesale price index increased by 11.5 per cent compared to a rise of 10.9 per cent in the corresponding period of the previous year. The wholesale price indices of agricultural commodities, domestic manufactured commodities and imported commodities increased by 13.9 per cent, 9.1 per cent and 8.8 per cent respectively during the review period compared to the increase of 15.4 per cent, 11.6 per cent and 3.2 per cent in the corresponding period of the previous year.

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