Price hike, inflation and consumption

News Today 09.05.2022

Among the several factors that are causing the current hike in prices, the Ukraine war stands at the top of the list. It has not only led to increased food prices across the globe but also created spillover effects in the form of ever-increasing prices of essential goods and services. These skyrocketing costs have eroded the purchasing power of the Nepali rupee and led to increased cost of living with consumer price inflation reaching a whopping 7.14 per cent. (Read More)


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