Consumer price inflation up by 8 pc in FY 2011/12

The annual average consumer price inflation increased by 8.3 percent in fiscal year 2011/12 compared to an increase of 9.6 percent in fiscal year 2010/11.

According to the latest macroeconomic situation of Nepal based on the annual data of FY 2011/12, the price index of food and beverages group increased by 7.7 percent while the index of non-food and services group increased by 9.0 percent witnessing relatively lower price rise in the review period as compared to previous year.

The indices of food and beverages and non-food and services had increased by 14.7 percent and 5.4 percent respectively in fiscal year 2010/11.

The yearly average price index of vegetables has increased sharply by 24.2 percent in the review year while it had increased by 35.0 percent in the previous year.

The annual price index of restaurant and hotel grew up by 11.9 percent compared to 15.5 percent rise in the previous year.

Under the non-food and services group, the yearly average indices of transport as well as clothing and footwear went up 15.6 percent and 14.8 percent respectively compared to their respective increase of 10.1 percent and 13.3 percent in the previous year.

Region-wise, annual average price indices of Hills, Terai and Katmandu Valley increased by 9.7 percent, 8.1 percent and 7.4 percent respectively in the review year while the same indices had risen by 10.6 percent, 7.2 percent and 12.1 percent respectively in the previous year.

The annual average wholesale price inflation increased by 6.4 percent in the FY 2011/12 compared to 9.9 percent rise in the previous year.

Within the imported commodities group, the annual average price indices of textiles related products, petroleum products and coal and electric and electronic goods increased by 23.3 percent, 21.2 percent and 11.3 percent in the review year. Such increments of these goods were 5.4 percent, 15.8 percent and 3.0 percent respectively in the previous year.

The annual average salary and wage rate index increased by 27.4 percent in Fiscal Year 2011/12 whereas it had increased by 18.0 percent in the previous year.

In the review year, annual average price index of salary and wage rate rose by 19.3 percent and 29.6 percent respectively. nepalnews.com