Inflation Nepal 2023
Average inflation: 7.1%
Current Inflation
Inflation is very high at 7.1%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 8.2%. The lowest inflation was in December at 4.9%.
- Highest month
- September: 8.2%
- Lowest month
- December: 4.9%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.0%. The lowest price increase was in Food with an average of 6.1%.
- Highest increase
- Energy: 8.0%
- Lowest increase
- Food: 6.1%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 5.9%.
- 5-year average
- 5.9%
- 10-year average
- 6.2%
- All-time high (2009)
- 11.2%
- All-time low (2006)
- 0%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -0.5 percentage point.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- November: -2.7 percentage points
ECB Target
Inflation is 5.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 7.3% | +1.7 |
| February | 7.9% | +1.7 |
| March | 7.4% | +0.3 |
| April | 7.8% | +0.5 |
| May | 7.4% | -0.5 |
| June | 6.8% | -1.8 |
| July | 7.4% | -0.7 |
| August | 7.5% | -0.8 |
| September | 8.2% | -0.4 |
| October | 7.5% | -1.0 |
| November | 5.4% | -2.7 |
| December | 4.9% | -2.5 |
| Average | 7.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.