Price inflation at 4.4%
By A Staff Reporter
Kathmandu, Mar. 16: The year-on-year (y-o-y) consumer price inflation stood at 4.4 per cent in mid-February 2019 compared to 5 per cent a year ago.
Food and beverage inflation stood at 2.5 per cent in mid-February 2019 compared to 4 per cent a year ago, according to a macroeconomic and financial report of the Nepal Rastra Bank (NRB).
Non-food and service inflation stood at 5.8 per cent in mid-February 2019. The rate was same in mid-February 2018.
The mountain region witnessed 5.3 per cent inflation followed by 5.2 per cent in the Kathmandu Valley, 4.9 per cent in the hills and 3.4 per cent in the Terai region in mid-February 2019.
These regions had witnessed 5.4 per cent, 4 per cent, 5.1 per cent and 5.6 per cent inflation respectively in the corresponding period the previous year.
The y-o-y consumer price inflation in Nepal (mid-February 2019) and India (February 2019) stood at 4.4 per cent and 2.6 per cent respectively.
Such rate of inflation was 5.0 percent in Nepal compared to 4.4 per cent in India a year ago.
The y-o-y wholesale price inflation stood at 5.2 per cent in mid-February 2019 compared to 3.9 per cent a year ago.
A hike in price of petroleum products, textiles, transport, equipment and parts, among others, contributed to the rise in overall wholesale price inflation during the review period.
The salary and wage rate index increased by 11.3 per cent in mid-February 2019 compared to 6.6 per cent a year ago.
In the review period, the salary index and the wage rate index increased by 6.6 per cent and 12.6 per cent respectively.