Inflation Nepal 2024
Average inflation: 4.6%
Current Inflation
Inflation is high at 4.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.3%. The lowest inflation was in July at 3.6%.
- Highest month
- January: 5.3%
- Lowest month
- July: 3.6%
- Difference
- 1.7 percentage points
- Months with data
- 7 of 12
Category Insights
The highest price increase was in Food with an average of 5.4%. The lowest price increase was in Energy with an average of 2.5%.
- Highest increase
- Food: 5.4%
- Lowest increase
- Energy: 2.5%
Historical Context
Current inflation is 1.1% lower than the 5-year average of 5.7%.
- 5-year average
- 5.7%
- 10-year average
- 5.9%
- All-time high (2009)
- 11.2%
- All-time low (2006)
- 0%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.5 percentage point.
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- July: -3.8 percentage points
ECB Target
Inflation is 2.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.3% | -2.0 |
| February | 5.0% | -2.9 |
| March | 4.8% | -2.6 |
| April | 4.6% | -3.2 |
| May | 4.4% | -3.0 |
| June | 4.2% | -2.6 |
| July | 3.6% | -3.8 |
| Average | 4.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.