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According to the central bank's data of mid-September, overall year-on-year (y-o-y) salary and wage rate index rose by 20.8 percent but inflation stood at a moderate 9.7 percent.
The price hike was 13.5 percent in the same period last year. The price index of food and beverages group soared by 16.3 percent. In a linear fashion, the index of non-food and services group rose only by 2.1 percent. The index of food and beverages and non-food and services group rose by 14.2 percent and 12.8 percent, respectively, last year.
Rise in prices of vegetables and fruits are attributed to the price hike as their indices increased by a whopping 43.5 percent - in sharp contrast to a decline of 14.6 percent in the same month last year, it is learnt.
Similarly, the price indices of sugar and sugar related products also increased by 40.5 percent in comparison to an increase of 38.9 percent during last year's same timeframe, according to NRB.
The price index of meat, fish and eggs has doubled to 29 percent against a 14.5 percent increase in same period last year.
On the other hand, the grains and cereal products subgroup rose by 5.8 percent against a 23.8 percent hike in the same month last year. The price index of transport and communications declined by 8.7 percent against the increase of 23.1 percent in same month last year.
In terms of regional assessment, with the price index going up by 9.9 percent, the Terai was the most expensive followed by 9.6 percent in Kathmandu Valley and 9.4 percent in the hills. The respective rates were 13.5 percent, 14.1 percent and 12.7 percent last year.
The y-o-y core inflation rose to 10.9 percent from 12.1 percent a year ago, said the report. However, the overall y-o-y salary and wage rate index rose by 20.8 percent in comparison to a rise of 9.1 percent a year ago.
The NRB has said that the salary index increased by 32.8 percent owing to increase in basic salary and allowances for civil servants. The wage rate index increased by 17.1 percent compared to an increase of 12.3 percent in the same month last year.
Wages of agricultural, industrial and construction labourers increased by 18.1 percent, 15.8 percent and 16.4 percent respectively against increase by 19.5 percent, 2.7 percent and 9 percent, respectively, in the same month last year. nepalnews.com
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