On September 2014, retail prices of most food commodities monitored across the country showed an upward trend. On a] month-on-month basis, the retail price of coarse rice and wheat flour increased by 2.2 percent and 0.2 percent respectively. Likewise, prices of black gram, broken lentil and soybean oil went up by 2.1 percent, 0.9 percent and 0.2 percent respectively, while that of red potato increased by 18.0 percent due to a decrease in supply. However, the price of chicken meat decreased by 1.2 percent. Compared to three months earlier, most prices showed an upward trend with the exception of soybean oil. Similarly, compared to the same period last year, most prices showed an upward trend (with the exception of mustard oil) Prices in regional markets showed somewhat different trends than national averages, with an upward trend of coarse rice in the major consumer markets of Kathmandu and Pokhara and the Terai markets, while the price of wheat flour remained stable in all markets with the exception of an upward trend in the Terai markets. Wholesale prices regularly monitored by FNCCI/AEC in the five large markets of Birtamod, Kathmandu, Butwal, Surkhet and Dhangadhi showed an upward trend over the past one month. Wholesale prices monitored in the Kalimati Fruits and Vegetables Market showed a high seasonal fluctuation: prices of pointed gourd, smooth gourd, tomato, French bean, bitter gourd and okra increased by more than 20 percent due to a reduction in supply, while that of cabbage, christophine and dry onion went down by more than 5 percent over the past
one month. The overall consumer price index (CPI) released by Nepal Rastra Bank in September 2014 was 209.1, an increase of 0.6 percent month-on-month. The inflation rate, as measured by the year-on-year increase in the CPI, was 7.6 percent. The food and beverage group of the CPI was 259.9, an increase of 1.1 percent month-on-month, but an increase of 10.8 percent year-on-year; several sub-groups showed higher year-on-year increases: fruits (26.4 percent), vegetables (14.0 percent), cereal grains (11.4 percent), and legume varieties (10.3 percent). The non-food and services group of the CPI was 173.2, a decrease of 0.1 percent month -on-month and an increase of 4.8 percent year-on-year.
#MarketWatch #SupplyAndDemand #MountainMarket #Development #PriceInflation
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Publisher:
WFP, MOAD, FNCCI/AEC, CIPF
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(2014
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Type / Script:
Bulletin or Poster
in English
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Keywords:
SUPPLY AND DEMAND, INDUSTRIES, MARKETING, NATIONAL MARKET DEVELOPMENT, PRICE INFLATION, LARGEST CHANGE, COMMODITIES, FOOD AND BEVERAGE, PRICE INCREASE, MOUNTAIN MARKET
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Thematic Group:
WFP
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Food and Emergency humanitarian logistict support
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Thesaurus:
02.02.00
- Economic Conditions
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Reference Link:
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