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

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

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.

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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 future, they factor these expectations into salary negotiations and contractual price rises (such as automatic rent increases).

87.1 percent of those who responded predicted that the level of prices would rise within the following three months.

In the medium term, 96.3 percent of those who answered the survey predicted the level of prices to rise during the next year.

Only 1.4 percent of those who answered the survey believe that the general level of prices will decline.

However, although 12.5

Read the full story at earnmoney.com.np


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