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Food price inflation remains of serious concern across Nepal. According to figures recently released by the Nepal Rastra Bank, the year-on year inflation for food and beverage was 16.5 percent for May.
A poor food availability situation in remote Hill and Mountain markets, caused largely by the recent winter drought, has resulted in significant price increases during June. This is particularly so in Mugu, where reduced local food stocks and insufficient external supply, has resulted in a five percent increase in the price of cooking oil, a 30 percent increase in the price of rice, and a 50 percent increase in the price of beans between May and June.
Due to a poor winter crop harvest, the price of potato continues to increase across much of the country, on average up by 10 percent compared to last month, and up by over 58 percent compared to last year.