Wholesale inflation hits 39-month high as fuel shock from West Asia crisis ripples through economy

Wholesale prices surged 8.47 percent in mid-June, driven by a spike in fuel and energy costs, raising concerns that higher production costs will soon feed into consumer prices ahead of the Dashain festival.

Nepal's wholesale inflation climbed to a 39-month high of 8.47 percent in mid-June, up sharply from 1.56 percent a year earlier, as the West Asia crisis sent fuel prices soaring.