Consumer inflation remained 3.85 percent on y-o-y basis

Kathmandu: The y-o-y consumer price inflation stood at 3.85 percent in mid-September 2024 compared to 8.19 percent a year ago. Food and beverage inflation stood at 5.03 percent whereas non-food and service inflation stood at 3.19 percent in the review month.

During the same period in the previous year, the price indices of these groups had increased by 9.77 percent and 7.19 percent, respectively. Under the food and beverag category, y-o-y price index of pulse and legumes sub- category increased 10.80 percent, vegetable 9.84 percent, cereal grains & their products 9.34 percent and fruit 4.94 percent while y-o-y price index of spices sub-category decreased 2.69 percent.

Under the non-food and services category, y-o-y price index of miscellaneous goods and services sub-category increased 8.71 percent, alcoholic drinks 6.76 percent, clothes and footwear 6.08.

During the review month, y-o-y price index in rural areas increased by 4.04 percent, while in urban areas, it rose by 3.78 percent. Based on provinces, in the review month, y-o-y consumer price inflation in Koshi Province is 4.66 percent, Madhesh Province 3.82 percent, Bagmati Province 3.29 percent, Gandaki Province 3.50 percent, Lumbini Province 3.53 percent, Karnali Province 3.56 percent, and Sudurpashchim Province 5.90 percent.

In the review month, y-o-y consumer price inflation in the Kathmandu Valley, Terai, Hill and Mountain region surged to 3.49 percent, 4.09 percent, 3.61 percent and 4.19 percent respectively.

Inflation in these regions were 9.83 percent, 7.03 percent, 8.09 percent and 11.32 percent respectively a year ago.