Food Prices Remain High Despite Drop in Overall Inflation

Kathmandu, — Nepal's consumer price inflation dropped to 4.1% year-on-year in mid-August, down from 7.52% a year ago, according to a report released by Nepal Rastra Bank on Thursday. The sharp decline in overall inflation is primarily attributed to a significant decrease in non-food and service inflation, which stood at just 2.94%. However, food prices…