Consumers in Nepal have raised their expectations for inflation to new highs.

0

According to a study released on Sunday by Nepal’s central bank, Nepali consumers raised their short- and medium-term inflation predictions in the first quarter of 2021-22 as a result of rising pricing pressures in the country.

– Advertisement –

According to the Inflation Expectation Survey, the vast majority of individuals anticipate that the average price of goods and services will rise by a whopping 11.3 percent over the next year.

According to the Inflation Expectation Survey, consumers are more likely than the general public to anticipate future inflation to be higher than government estimates of current inflation. Field interviews were performed from October 3 to October 8 among individual respondents from ten market sectors in seven cities, with the survey taking place from October 3 to October 8. Based on replies from 510 urban residents, the findings have been published.

A significant influence in determining inflation, according to the International Monetary Fund, is also played by expectations. If people or businesses foresee greater prices in the fu


Read the full article at Nepal123.com

Comments are closed.