From fuel to food, West Asia turmoil sends prices soaring in Nepal
AI Summary
The rising prices of rice, edible oil, and transport costs in Nepal have squeezed households amid stagnant incomes. This inflation is driven by global shocks and turmoil in West Asia affecting fuel and food prices.
Rising cost of rice, edible oil and transport squeezes households as stagnant incomes and global shocks fuel stagflation fears.
World Markets Health Commodities Energy Nepal food prices fuel costs inflation West Asia turmoil stagflation household impact