Inflation rates by country and year

-3.1%2.6%8.3%14.1%19.8%
-3.1%2.6%8.3%14.1%19.8%
19658.5%
19957.6%
20252.7%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate2.7%

Behind the curve

Turning points in Nepal

  1. 2015↑ Upward pressure

    Fuel shortages followed disaster and border disruption — Wikipedia (opens in a new tab)

    The 2015 earthquakes damaged agriculture and transport, then trade disruption at the southern border caused acute fuel and essential-goods shortages. Inflation reached 12 percent year-on-year in January 2016 before easing with lower food prices.

    IMF Country Report 17/74: Nepal—2017 Article IV Consultation
  2. 2022↑ Upward pressure

    Global commodity prices met a demand-led import boom — Wikipedia (opens in a new tab)

    Global oil and food prices nearly doubled Nepal's oil and food import bill in FY2021/22 while domestic demand and credit growth remained strong. Inflation rose to 6.3 percent in the fiscal year and peaked at 8.4 percent in September 2022.

    IMF Country Report 23/158: Nepal—2023 Article IV Consultation and ECF Reviews

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Nepal?

The annual inflation rate in Nepal was 2.7% in 2025, the most recent year in the World Bank dataset. That means prices rose 2.7% on average compared with the year before. Use the chart above to explore Nepal's full inflation history from 1965 to 2025, and to compare it with any other country.

How inflation in Nepal has changed

Inflation in Nepal peaked at 19.8% in 1974 and reached its lowest point at -3.1% in 1976. Averaged across the 61 years of available data (1965–2025), the rate has been 7.7% per year.

Frequently asked questions about inflation in Nepal

What is the current inflation rate in Nepal?

The latest available annual figure is 2.7% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Nepal's statistical office.

What was the highest inflation rate in Nepal?

The highest annual inflation rate on record is 19.8%, reached in 1974.

What was the lowest inflation rate in Nepal?

The lowest annual inflation rate on record is -3.1%, recorded in 1976.

Where does the inflation data for Nepal come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.