Consumers expect price rise by 10%

Kathmandu, Feb. 18

A latest survey conducted by the Nepal Rastra Bank (NRB) has shown that the common people have high expectation of double-digit inflation over the year.

According to the Inflation Expectations Survey conducted by the Economic Research Department of the NRB from January 5 to 11 this year among individual respondents from 17 market areas of 14 cities across the country, median inflation expectations for one year ahead and current perception is 10 per cent.

However, the inflation for the next three months is 8 per cent. Households expected inflation to decrease in the near term and remain at current level in the medium term, read the report.

The results are based on field interviews of 720 urban individuals.

About 92 per cent of respondents have expected price level to increase in next three months. Likewise, 97 per cent of respondents have expected price level to increase over the next one year. The share of respondents expecting higher inflation has slightly increased from October 2020, read the report. 

 Published in The Rising Nepal daily on 19 February 2022.