<p>Nepal's inflation eased to 7.38% in the month to mid-December, the lowest in about eight months, as prices of food and beverages dipped, official data showed on Friday.</p>.<p>Prime Minister Pushpa Kamal Dahal has vowed to tame inflation, control rising interest rates and boost economic growth since taking office last month as the head of a seven-party coalition.</p>.<p>Data from the Nepal Rastra Bank (NRB) showed overall inflation in the month to mid-December was lower than the previous month's 8.08% but higher than 7.11% in the same period a year earlier.</p>.<p><strong>Also Read |<a href="https://www.deccanherald.com/international/world-news-politics/inflation-bites-how-rising-food-costs-affect-nutrition-and-health-1180708.html" target="_blank"> Inflation bites: How rising food costs affect nutrition and health</a></strong></p>.<p>Food and beverage inflation fell to 5.85% from 7.38% the previous month. Non-food and service inflation eased only slightly to 8.59% from 8.63% the previous month.</p>.<p>Other NRB data showed remittances from about five million Nepalis working mainly in the Middle East, Malaysia and Korea jumped 13.1% to $3.71 billion.</p>.<p>Nepal's economy, dependent on remittances, aid and tourism, saw its earnings from tourism jump 64.0% as of mid-December as tourists returned to the Himalayan nation, home to eight of the world’s 14 highest mountains including Mount Everest.</p>.<p>The country's total foreign exchange reserves rose 3% in mid-December to $9.82 billion - enough to cover 8.7 months of imports - from mid-July levels, central bank data showed. Nepal's financial year runs from mid-July to mid-July.</p>
<p>Nepal's inflation eased to 7.38% in the month to mid-December, the lowest in about eight months, as prices of food and beverages dipped, official data showed on Friday.</p>.<p>Prime Minister Pushpa Kamal Dahal has vowed to tame inflation, control rising interest rates and boost economic growth since taking office last month as the head of a seven-party coalition.</p>.<p>Data from the Nepal Rastra Bank (NRB) showed overall inflation in the month to mid-December was lower than the previous month's 8.08% but higher than 7.11% in the same period a year earlier.</p>.<p><strong>Also Read |<a href="https://www.deccanherald.com/international/world-news-politics/inflation-bites-how-rising-food-costs-affect-nutrition-and-health-1180708.html" target="_blank"> Inflation bites: How rising food costs affect nutrition and health</a></strong></p>.<p>Food and beverage inflation fell to 5.85% from 7.38% the previous month. Non-food and service inflation eased only slightly to 8.59% from 8.63% the previous month.</p>.<p>Other NRB data showed remittances from about five million Nepalis working mainly in the Middle East, Malaysia and Korea jumped 13.1% to $3.71 billion.</p>.<p>Nepal's economy, dependent on remittances, aid and tourism, saw its earnings from tourism jump 64.0% as of mid-December as tourists returned to the Himalayan nation, home to eight of the world’s 14 highest mountains including Mount Everest.</p>.<p>The country's total foreign exchange reserves rose 3% in mid-December to $9.82 billion - enough to cover 8.7 months of imports - from mid-July levels, central bank data showed. Nepal's financial year runs from mid-July to mid-July.</p>