Econ-ity » December 18, 2015

Daily Archives: December 18, 2015

Inflation stands high at 10.4 %

Several news media have recently reported on Nepal Rastra Bank‘s latest macroeconomic update warning of a stagflation. Released on 16 Dec 2015,  the report states that the four month long protest and blockade of the trade routes in the Terai-Madhesh region as the underlying factors that have resulted in soaring inflation rate, which stands highest at 10.4% in past three years.

The consumer prices have increased drastically and remains highest in Kathmandu valley at 11.8% (past four months-FY 2072/73) from 7.1% last year for the same period.

The government has already said that the economic growth would stand at 2 per cent this year due to the devastating earthquake and prolonged strikes in the southern belt. The central bank had made a forecast on 20 Nov 2015 of negative economic growth in the country.

 

 

 

 

Deekshya Nakarmi

About Deekshya Nakarmi

Deekshya Nakarmi is Communications and Outreach Assistant at Samriddhi, The Prosperity Foundation. She is a student of Development Studies.

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