Onion prices spike on short supply

October 4, 2019 08:30 am

KATHMANDU, Oct 4: Onion prices have more than doubled over past one and half months. The price has skyrocketed during the festive season where consumption of onion is very high.

Tame inflation

September 26, 2019 02:05 am

It need not be emphasized how inflation affects the general people. Prices of daily goods go up way too high. People lose purchasing capacity. And when the people cannot purchase goods, production falls and ultimately whole of the economy suffers badly and at times irrevocably. Nepal at the moment stands poised to face crippling inflation if recent data is anything to go by.

Rise in prices of consumable goods, labor costs and Indian inflation pushed prices up: NRB

Veg prices up by up to 70%

September 24, 2019 06:59 am

KATHMANDU, Sept 24: The price of vegetables has shot up by as much as 70% over the past month.

KATHMANDU, July 20: Inflation, which has long remained subdued, has started to soar suddenly in the last months of the last Fiscal Year 2018/19.

JOHANNESBURG, July 15: Zimbabwe’s annual inflation almost doubled to a new 10-year high of 175.66% in June, official data showed on Monday, after a sharp rise in prices of basic goods and depreciation of the local currency.

KATHMANDU, June 10: Finance Minister Dr Yubaraj Khatiwada has said that the inflation would be below five percent in the coming fiscal year.

KATHMANDU, May 22: Inflation has moderated to 4.4 percent in the ninth month of the current fiscal year 2018/19 from 5.3 percent a year ago mainly due to subdued food prices.

Inflation moderates to 4.4%

March 17, 2019 08:36 am

KATHMANDU, March 17: Inflation fell to 4.4 percent in the seventh month of the current Fiscal Year 2018/19 from 5 percent in the corresponding period of the last Fiscal Year 2017/18.

Inflation rises to 4.2 percent

December 25, 2018 08:31 am

KATHMANDU, Dec 25: Inflation, as measured through the consumer price index (CPI), went up to 4.2 percent in the fourth month of the current fiscal year 2018/19 compared to 3.9 percent in the corresponding period of a year earlier.

Inflation without cause

November 27, 2018 01:00 am

In the past two decades, food price has blazed through the roof to unimaginable heights and yet the government has done nothing to pull it down

KATHMANDU, Oct 30: The y-o-y consumer price inflation has increased to 3.9 percent in mid-September this year from 3.4 percent in the same period of the previous year.

America’s Inflation Risks

October 30, 2018 00:30 am

Not surprisingly, this pattern has been slow to emerge in the current cycle, largely owing to an unusually weak post-crisis economic recovery

Big disappointment before Dashain

September 27, 2018 02:00 am

The KP Oli government gave a good impression by taking a number of bold steps toward bringing about some much-needed reforms in the country. Initial steps to end transport syndicate was one of such acts. PM Oli was appreciated from all sides.

VENEZUELA, Sept 18: As Venezuelans live with an unprecedented and recurring shortage of food and medicines, suffering through an economic crisis characterized by the highest inflation in the world and the lowest wages in the region, President Nicolas Maduro continues to send millions of barrels of subsidized crude oil to Cuba.

Sept 16: The U.S. Dollar was pressured most of the week by a pair of weaker-than-expected inflation reports and the news that the U.S. had extended an invitation to China to renew trade talks. However, it was able to recover some of its losses on Friday on the back of upbeat U.S. economic data, higher Treasury yields and reports that Trump administration was getting ready to impose new tariffs.

KATHMANDU, May 25: The Nepal Students' Union which had gathered at Exhibition Road to protest against inflation took their time to chant slogans against their chairperson, Sher Bahadur Deuba as well.

KATHMANDU, April 27: With private schools continually charging inflated price for education, student unions have jointly drawn attention of local governments today.

KATHMANDU, Feb 13: Nepal Rastra Bank (NRB) has kept most of its rates unchanged in the half-annual review of the monetary policy for the Fiscal Year 2017/18.

KATHMANDU, August 27: Nepal's inflation wedge with India has narrowed down to 1.1 percent in the last fiscal year 2016/17 as inflation of both countries cooled down.

KATHMANDU, Aug 21: Annual average inflation fell to 4.5 percent in the last Fiscal Year 2016/17.   According to the Nepal Rastra Bank (NRB), the pace of price rise nearly halved in the last fiscal year from a near double-digit level in 2015/16.

Inflation falls further to 2.8%

July 19, 2017 10:32 am

KATHMANDU, July 18: Inflation plunged to 2.8 percent in the eleventh month of the last fiscal year 2016/17 compared to 11.1 percent of price rise in the same period of the previous fiscal year 2015/16.

Inflation remains at 5 percent

June 8, 2017 01:10 am

KATHMANDU, June 8: While Nepal Rastra Bank (NRB) has aimed to contain annual average inflation below 7.5 percent in the current fiscal year, prices rose at an average of 5 percent in the three quarters of the current fiscal year.

KATHMANDU, April 9: Price of goods and services has not gone up in the current fiscal year as much as it had in the last fiscal year, the data of Nepal Rastra Bank (NRB) shows.

Inflation cools down to 3.8 percent

January 17, 2017 01:00 am

KATHMANDU, Jan 17: Inflation significantly decelerated to 3.8 percent in mid-December last year from 11.6 percent in the corresponding period of the last Fiscal Year 2015/16.

Inflation slows to 4.8 percent

December 17, 2016 06:57 am

KATHMANDU, Dec 16: Following a ‘spiralling rise in prices’ in the last fiscal year due to prolonged tarai unrest and unofficial economic blockade in the last fiscal year, the inflation has come down to 4.8 percent in the mid-November this year.

Interest on deposit trumps inflation

December 10, 2016 00:00 am

KATHMANDU, Dec 10: People losing on value for the last three years in real terms have now something to cheer as banks and financial institutions (BFIs) are now wooing them with as high as 9 percent interest rates on various fixed deposit schemes.

BIRATNAGAR, Sept 24: While Indu Aryal, a housewife, was preparing shopping list for the upcoming Dashain festival, her daughter dropped in room and added few things to the list. Her demands included new dress, a pair of sandal and sunglasses.

Tricky inflation

September 22, 2016 00:30 am

In the last fiscal year inflation soared to 9.9 percent, the highest in seven years, and 1.5 percentage points above the set target

Poverty, inflation behind rising suicides

September 12, 2016 01:30 am

DANG, Sept 12: When women in her village were busy celebrating Teej festival, 17-year-old Goma Oli, a local of Rajpur, wore a gloomy look. There was no celebratory mood in her poverty-stricken family. And being one among the seven sisters made things even more difficult for her.

KATHMANDU, July 19: Nepal has the highest inflation in South Asia, according to a regional report.

KATHMANDU, July 16: Runaway inflation, which was beginning to recede in the previous months after reaching to one of the highest levels, again touched the double-digit level in the eleventh month of the current fiscal year.

KATHMANDU, July 12: One of the primary objectives of Nepal Rastra Bank (NRB), the central bank of the country, is to maintain price stability.

Inflation still in double digits

June 17, 2016 10:06 am

KATHMANDU, June 17: Despite government's claims of having cracked its whip at price rises, the country's inflation is hovering at double digits. According to the central bank's macroeconomic update, for the 10th month of the current fiscal year, consumer price inflation stood at 10 percent.