Kathmandu,

June20,

Looking at the overall inflation over the last 10 months, inflation in the country has reached six-year high.

Rising inflation results in drop of real income of general public and consequently their purchasing capacity. It compounds hardships to mainly low-income group.

Consumers, who have lost purchasing power due to the two-year-old COVID-19 pandemic, have been plagued by high prices, but the government has remained silent on the issue.

A surge in crude oil and commodity prices since Russia invaded Ukraine in February has pushed up inflation globally, forcing many central banks to raise interest rates to dampen consumer demand.

Observing that the high level of inflation is a serious challenge to the economy, an economist said the government should take necessary measures to control it.

"The rising inflation weakens industries' export capacity and also lessens purchasing capacity of people, thereby dragging down economic growth," as per economist.