
The NEPSE Journal
Market commentary, data deep-dives, and trading notes from the NEPSE Trading desk.

Nepal’s July–August 2025/26 CPI shows that education costs surged by 7.67%, with rural families facing an even higher increase of 10.40%. Rising tuition fees, costlier school materials, and weak regulation are fueling the spike. Combined with other non-food expenses like clothing and services, this has made non-food inflation (+3.95%) the main driver of overall inflation, even as food prices—especially vegetables—fell.

Nepal’s CPI stood at 104.96 in July–August 2025, up 1.68% year-on-year. Consumers benefited from cheaper vegetables and spices, but faced higher costs for oil, fruit, milk, and cereals. Investors should note the structural rise in education (+7.67%), clothing (+6.84%), and services (+10.60%), signaling where long-term inflation—and opportunities—are headed.

Nepal’s CPI for July–August 2025/26 reached 104.96, up 1.68% year-on-year. Vegetables (-18.56%) and spices (-4.81%) brought short-term food relief, but rising costs of ghee & oil (+10.97%), education (+7.67%), and transport (+3.94%) kept inflation steady. The data shows that households face falling prices in daily food items but higher long-term costs in services and essentials.

Nepal’s July–August 2025 inflation reached 104.96, up 1.68% year-on-year. While food prices fell due to a sharp -18.56% drop in vegetables, education costs surged 7.67%, alongside clothing and services, driving non-food inflation higher. This indicates that households are getting temporary relief on food but face persistent structural pressure from education and services.

Nepal’s CPI reached 104.96 in July–August 2025, up 1.68% from last year, as vegetables (-18.56%) and spices (-4.81%) fell sharply, but ghee & oil (+10.97%), fruit (+3.01%), and education (+7.67%) drove costs higher. The winners for households were in food relief items, but the losers were essentials and services, leaving overall living costs elevated.