Inflation Amidst Recession: Nepal’s Paradox

Published on 12 February 2009

[...] Paradoxically, at a time when most of the countries in the world are bracing themselves to face the challenges of the crisis, Nepal is experiencing an all time high inflationary situation. This is extremely worrying. If the figures published by Nepal Rastra Bank (NRB) and the survey carried out by the World Food Programme in collaboration with other institutions are to be believed, prices are not only high but rising rapidly at the rate of 14.4 per cent. According to a survey of the market, coarse rice is being sold at Rs. 40 per kg, pulses at Rs. 85 and edible oil at Rs. 150 in Kathmandu and food items are costlier in the remote districts of the country.

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