Inflation reached 14.1pc in Mangsir

Inflation reached 14.1pc in Mangsir
ekantipur, 7-Jan-09

The inflation for the month of Mangsir (mid-November to mid-December 2008) was 14.1 percent a sharp increase compared to last Mangsir when it was 5.7 percent, Nepal Rastra Bank said in a statement
on Wednesday.

The inflation among food and beverages was 17.2 percent during this period as against 7.1 percent in the corresponding month last year. The highest inflation among foodstuff was in sugar and sugar-based foods which was 35.9 percent. This figure stood at 17 percent last year. Similarly inflation of ghee and edible oils was 26.2 percent as against 12.5 percent last year. Likewise inflation of rice and rice rice-based foodstuff was 21.8 percent compared to 12.5 percent last year.

Inflation of non-food items and services (including transport, communication, household goods, tobacco) stood at 10.8 percent compared to 4.1 percent in the same month last year. Region-wise inflation was highest in Kathmandu where it stood at 16.2 percetn, and in 13.6 percent and 13.1 percent in the hiss and the Terai respectively. These figures stood at 4.9, 5.3 and 6.2 percent during the same period last year.