Inflation rate of Nepal sank by 55.16% from 9.9 % in 2016 to 4.5 % in 2017. Since the 18.88% jump in 2013, inflation rate plummeted by 54.89% in 2017.
The description is composed by our digital data assistant.Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.