According to the growth in price index of Nepal Rastra Bank, the annual average consumer price inflation increased by 9.9 percent in 2012/13 compared to an increase of 8.3 percent in 2011/12.

The price index of food and beverages group increased by 9.6 percent whereas the index of non-food and services group increased by 10.0 percent.

The indices of food and beverages and non-food and services had increased by 7.7 percent and 9.0 percent respectively in 2011/12.

Under the food and beverages group, the yearly average price index of meat and fish sub-group increased by 14.4 percent in the review year whereas it had increased by 7.5 percent in the previous year.

Similarly, the annual average price indices of ghee and oil and tobacco products sub-groups went up at the same rate of 13.8 percent compared to their respective increments of 14.4 percent and 10.8 percent in the previous year.

The annual price index of sugar and sweets sub-group which had increased by 9.2 percent in the previous year grew up by 13.7 percent in review year. Likewise, the annual price indices of legume varieties sub-group, which was unchanged in previous year has increased by 12.5 percent in the review year.

Under the non-food and services group, the yearly average indices of furnishing and household equipment went up by 13.3 percent compared to the rise of 13.4 percent in the previous year.

Similarly, the annual price indices of clothing and footwear sub-group and education sub-group grew up at the same rate of 12.1 percent in the review year compared to their respective increments of 14.8 percent and 9.8 percent in the previous year.

The annual average price index of communication, which had decreased by 8.2 percent in the previous year, has further declined by 2.0 percent during the review year.

Region-wise, annual average price indices increased by 10.2 in Terai followed by 9.7 percent in Kathmandu valley and 9.5 percent in Hills in the review year. Such indices had risen by 8.1 percent, 7.4 percent and 9.7 percent respectively in the previous year.

© Corporate News Syndicate