Consumers

Nepal’s consumer price inflation expected to remain elevated at 6.7% in FY24

KATHMANDU: Nepal is bracing for continued high consumer price inflation, projected at 6.7% in Fiscal Year 2024 (FY24), nearing the central bank’s ceiling of 6.5%. The World Bank attributes this persistent inflationary pressure to various factors, including the removal of value-added tax (VAT) exemptions, India’s restrictions on food exports,...

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