As of November 2024, Nepal's inflation rate increased to 5.60% from 4.82% in October 2024.
This marks a rise from the average inflation rate of 5.4% recorded in the fiscal year 2023-2024, which was below the Nepal Rastra Bank's target of 6.5%.
Historically, Nepal's inflation has fluctuated, averaging 7.96% from 1964 to 2024, with peaks and troughs during this period.
The recent increase in inflation may be attributed to various factors, including changes in food and energy prices, currency exchange rates, and domestic economic policies.
