Inflation at 5.38 percent 

 Inflation at 5.38 percent 

Banking News

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The y-o-y consumer price inflation moderated to 5.38 percent in mid-November
2023 compared to 8.08 percent a year ago.

Food and beverage category inflation stood at 6.01 percent whereas non-food and service category inflation stood at 4.89 percent in the
review month.
 Under the Food and Beverage Category, y-o-y consumer price index of spices subcategory increased 36.46 percent, sugar & sugar products 14.59 percent, fruit 14.01 percent, cereal grains & their products 12.02 percent and milk products & eggs 11.00 percent.

The y-o-y consumer price index of ghee & oil and vegetable sub-category decreased 14.23 percent and 5.35 percent respectively in the review month.

Under the Non-Food and Services Category, y-o-y consumer price index of recreation & culture sub-category increased 12.84 percent, miscellaneous goods & services 10.76 percent, education 8.92 percent, furnishing & household equipment 5.27 percent and clothes & footwear 4.96 percent.

In the review month, y-o-y consumer price inflation in the Kathmandu Valley,
Terai, Hill and Mountain region stood at 6.00 percent, 4.42 percent, 6.07 percent
and 8.79 percent respectively. Inflation in these regions were 7.56 percent, 8.52
percent, 8.03 percent and 6.68 percent respectively a year ago.

The y-o-y wholesale price inflation stood at 2.09 percent in mid-November 2023 compared to 10.02 percent a year ago.

The y-o-y wholesale price index of consumption goods, intermediate goods and capital goods increased 2.63 percent, 1.71 percent and 2.67 percent respectively.

The y-o-y wholesale price of construction material decreased 1.05 percent in the review month.