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.
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, 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.
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, 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.
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.
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, 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.
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.
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 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, 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.