United Nations
Information Centre | Nepal
Market Watch 22
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National food price inflation still remains of significant concern. The most recent year-on-year food price inflation figure provided by the Nepal Rastra Bank in February was 18.1 percent (compared to 17.8 percent last month). High food prices are driving overall high consumer price inflation, which is currently estimated at 11.8 percent. Potato prices continue to fall following the strong recent harvest. Prices are down 35 percent compared to last month, however they are still slightly higher than this time last year. The outbreak of bird flu which occurred around Pokhara has resulted in an increased demand for mutton and other meats.In Kathmandu the price of mutton has increased by over 50 Nrs per kilo.The price of staple food grains have generally remained stable or declined across Nepal this month. In the markets regularly monitored by WFP and MoAC the average price of coarse rice in February was Nrs 31 per kilo (compared to Nrs 32 last month); the national average wheat price was Nrs 32 per kilo (comparedto Nrs 35 last month); and Blackgram was Nrs 113 per kilo (compared to Nrs 110 last month). Grain prices are relatively stable due to the recent summer harvest which has helped re-stock local markets. However, the summer harvest was too weak to significantly reduce prices as would normally be expected at this time of year Vegetable prices around the country are dropping as supply becomes more readily available. For example, the price of potatoes is down 35 percent compared to last month. However, across Nepal prices are still more expensive than this time last year; Nrs 20 per kilo compared to Nrs 16 per kilo in 2009. National food price inflation still remains of significant concern. The most recent year-on-year food price inflation figure provided by the Nepal Rastra Bank in February was 18.1 percent (compared to 17.8 percent last month). High food prices are driving overall high consumer price inflation, which is currently estimated at 11.8 percent. The outbreak of bird flu which occurred around Pokhara has resulted in an escalation of demand for mutton and other meats. In Kathmandu the price of mutton has increased by over 50 Nrs per kilo (from 450 Nrs to 500 Npr).

#MarketWatch #MarketDevelopment #PriceIncrease
Publisher:
WFP, MOAC, FNCCI/ACE, CIPF ,   (2010 )
Type / Script:
Bulletin or Poster in English
Keywords:
PRICES, PURCHASING POWER, NATIONAL MARKET DEVELOPMENTS, PRICE INFLATION, PRICE CHANGE ,Supply, MARKET, INCREASE,VEGETABLES PRICES, NATIONAL FOOD PRICE INFLATION
Thematic Group:
 WFP : Food and Emergency humanitarian logistict support
Thesaurus:
02.02.00  -  Economic Conditions
Reference Link:
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Feeder: ASHAPARIYAR , Editor: MALIKA THAPA , Auditor:

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