Annual inflation rises to 6.34% in current fiscal year

Annual consumer price inflation in the nation accelerated to 6.34 per cent during the second month of the current fiscal year. Figures published by the central financial institution indicate this represents an increase compared to the 5.96 per cent level registered during the preceding monthly period. During the matching timeframe of the previous financial year, the consumer price index stood at a much lower rate of 1.87 per cent. Detailed statistics released by Nepal Rastra Bank show that costs associated with the food and beverage category grew by 7.54 per cent across the opening two months of the ongoing financial cycle. In stark contrast, prices within this exact segment had decreased by 1.34 per cent during the same interval of the prior fiscal year. Meanwhile, the non-food and services sector registered an inflation rate of 5.69 per cent throughout the initial two months of the current fiscal period. This compares with a significantly lower rate of 3.70 per cent recorded for the non-food and services group during the equivalent months of the preceding financial year.