By A Staff Reporter
Kathmandu, Nov. 21: The year-on-year (y-o-y) consumer price inflation increased to 6.21 per cent in mid-October 2019 from 4.68 per cent a year ago.
Food and beverage inflation stood at 7.04 per cent whereas non-food and service inflation stood at 5.55 per cent in the review month, according to a macroeconomic and financial report of Nepal Rastra Bank (NRB).
Within the food and beverage group, prices of vegetables, meat and fish, fruits and spices subgroups rose significantly.
Likewise, within the non-food and service group, prices of housing and utilities, clothes and footwear, and education sub-groups went up in the review month.
The Kathmandu Valley witnessed 8.14 per cent inflation followed by 5.75 per cent in the Terai, 4.89 per cent in the Hill and 5.11 per cent in the mountain.
These regions had witnessed 4.04 per cent, 4.34 per cent, 6.1 per cent and 4.24 per cent inflation respectively a year ago.
The y-o-y consumer price inflation in Nepal in the review month and in India (October 2019) stood at 6.21 per cent and 4.62 per cent respectively. Such rate of inflation was 4.68 per cent in Nepal and 3.38 per cent in India a year ago.
The y-o-y wholesale price inflation was recorded at 5.10 per cent in the review month compared to 9.17 per cent a year ago.
In the review month, prices of primary food, transport equipment and parts, and textile sub-groups increased significantly.
Based on a broad economic classification, prices of consumption goods, intermediate goods, and capital goods went up by 11.95 per cent, 1.61 per cent and 2.46 per cent respectively.
However, the wholesale price of construction materials dropped by 2.41 per cent.
The y-o-y salary and wage rate index increased by 12.07 per cent in the review month compared to 8.73 per cent a year ago.
The salary index and wage rate index increased by 13.56 per cent and 11.67 per cent respectively.