Posted by: no_quiero June 29, 2008
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Switzerland ko kura ali has uthdo cha. Do you know Inflation rate this year has hit double Digit which is record in the history of Nepal. Nepal is well on the way of Zimbabwe.
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Inflation close to double digits
Kantipur Report
KATHMANDU, June 27 - Nepali
inflation is picking up pace and inching close to double-digit figures,
threatening to make some serious dent in the household budget of
consumers. Fresh data released by the Nepal Rastra Bank (NRB) shows
that the inflation based on the consumer price index rose to 9.2
percent in mid-May, the tenth month of the current fiscal year, up from
4.6 percent of the same time last year. The central bank said the rising prices of food items led to the rise. Still, the inflation based on wholesale price index increased to 10.1 percent. NRB officials said inflation would further rise in the coming months, as the recent price hike of petroleum products would have to be considered | ||