Situation Report on Nepal’s Agrifood Systems February 2024 | Bulletin Number 15

Nepal registered a significant decline in poverty from 25.2 percent in 2010-11 to 20.3 percent in 2022-23, according to the just-released Nepal Living Standards Survey (NLSS) IV 2022-23. Data suggest that the incidence of headcount poverty is highest in Sudurpashchim Province (34.2 percent) and the lowest in Gandaki Province (11.9 percent). The overall decline that was measured, however, indicates positive benefits accrued from economic development.

In mid-January of 2023, year-on-year inflation in Nepal was 5.3 percent compared to 7.3 percent a year ago. Food and beverage inflation experienced a decline of 1.5 percent in mid-January compared to the previous month. This decline in inflation is expected to provide some relief to net food-purchasing families, particularly in urban and peri-urban areas.

Nepal received NPR 733.22 billion (USD 5.5 billion)1 of remittances between mid-July and mid-January, marking a 24.3 percent rise from the same period in the previous year. However, there was a notable 11.3 percent decline in remittances to NPR 120 billion (USD 901.4 million) in mid-January 2024 compared to last month, potentially signaling a decrease in future remittance trends that should be carefully monitored.

Retail prices of cereals at both the national level and in the Western provinces remained stable compared to the previous month. However, there was a decrease in year-on-year vegetable and edible oil costs. On the other hand, the prices of milk, eggs, and fish increased compared to the same period last year. While these higher prices may benefit smallholder farmers, they could pose challenges for poor consumers who purchase these foods to access animal-based proteins, minerals, and vitamins.

Posted on Information Resources, News - Homepage, March 4, 2024

Copyright © 2017 CIMMYT

CSISA Website


While every precaution has been taken in the preparation of this website and its contents, CIMMYT and its implementing partner organizations for CSISA – IFPRI and IRRI – assume no responsibility for errors or omissions. All information and features described herein are subject to change without notice. This website may contain links to third-party websites. CIMMYT is not responsible for the contents of any linked site or any link contained in a linked site. This website is providing these links only as a convenience, and the inclusion of a link does not imply endorsement by CIMMYT of the linked sites or their content.

Terms of Use

Copyright © 2017 International Maize and Wheat Improvement Center (CIMMYT)
CIMMYT holds the copyright to all CSISA publications and web pages but encourages use of these materials for non-commercial purposes, unless specifically stated otherwise. Permission to make digital or hard copies of part or all of this work for personal or classroom use is hereby granted without fee and without a formal request provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and full citation on the first page. For copyrights not owned by CIMMYT, express permission must be pursued with the owner of the information. To republish or redistribute for commercial purposes, prior permission is required.