Rising inflation, Covid make life difficult in Nepal

Many families in Nepal are struggling due to reduced job opportunities and growing inflation amid the Covid-19 pandemic, which is still continuing unabated and has increased the single-day cases to more than 10,000 in the past few days.

The monthly consumer price inflation climbed to 7.11 per cent in December 2021, the highest in 64 months, from 5.32 per cent in November, according to data from the country’s central bank.

As a result, the prices of edible oil and ghee had surged year on year by 28.52 per cent, followed by pulses and legumes at 11.79 per cent, and tobacco products at 11.74 per cent, reports Xinhua news agency.

In terms of the wholesale price index, wood and wood products saw the highest price rise of 26.35 per cent, followed by fuel and power at 22.27 per cent, and construction materials at 19.34 per cent.

Experts have said that rising inflation has been affecting the lives of the general people badly at a time when they are suffering from unemployment and less income.

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