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CONCEPT OF INFLATION
Inflation is a global phenomenon in a present time. It is one of the most crucial macroeconomic problem for many countries in the world. Inflation is an increase in the overall price level. It happens when many prices increase simultaneously. KEYNES-Inflation as a phenomenon of full employment. CROWTHER-Inflation is a state in which the value of money is falling and prices are rising.
TPES OF INFLATION
On the basis of speed.
inflation continues over a decade and price rise from 3-4% per annum, it is called walking inflation.
100% rise in general price level over a period of 10 years. Hyper inflation: It is an indicator of serious problem. In it,price rise every moment and every second.
INTRODUCTION TO PULSES
The name pulse is derived from the Latin puls meaning thick soup or potage. Many early civilizations developed around diets of pulses for protein, combined with a cereal crop to provide energy. Beans and corn are the example from the Americas, while pita and humus (chickpea based) are a Middle Eastern illustration. Pulses are unique among grain crops in their ability to partner with certain soil bacteria to take nitrogen, an essential plant nutrient, from the air and turn it in to a form that can be used by plants. Pulses are the edible seeds of legumes, like lentils, beans, peas and chickpeas. Each of these pulse crops come in a wide range of colors and sizes.
DATA SOURCE
The report is all in all based on the secondary data obtained from the economic bulletin of NRB. The sources of the secondary data can be listed as: Nepal Rastra Bank Central bureau of statistics Ministry of Agriculture Research Journals National dailies Other related publications
DATA PRESENTAION
YEAR
1995/1996 1996/1997 1997/1998 1998/1999 1999/2000 2000/2001 2001/2002 2002/2003 2003/2004 2004/2005 2005/2006 2006/2007 2007/2008 2008/2009
INFLATION RATE(R)
3.3 -2.42 16.87 -2.46 4.69 -2.66 -1.45 -1.04 4.73 21.74 18.06 8.26 23.69
BAR GRAPH
250 200 150 100 50 0
19 96 /1 99 7 19 98 /1 99 9 20 00 /2 00 1 20 02 /2 00 3 20 04 /2 00 5 20 06 /2 00 7 20 08 /2 00 9
-50
FINDINGS
During our research on the rate of inflation in the prices of pulses, we visited many places where we can get the accurate results. In comparison to otherfood products (cereals), pulse is one with a great stability in the price fluctuation is 10 to 20%. The longest period of stability of price remained for the second quarter and a month in 2010, i.e, (May-Sep) where the retail price remained Rs.120/kg in Kathmandu valley. But still, during the year 2010,the price fluctuation was recorded to be 20% in Kathmandu. While comparing the urban CPI, the price is stable more in Terai than in Hills.
CONCLUSION
No doubt, inflation in Nepal has hit severely on the stomach of Nepalese people, low-income class, generally. But the effect of inflation in pulses is relatively less in comparison to other food items. This implies the sporadic inflation in Nepalese cereals market. Though a small change in price alters the consumption pattern of the low-income people, pulse has not raised their cost of living significantly. But anyway inflation is inflation. However, the inflation in case of pulse can be considered as moderate, which comprises the factor to operate the economy smoothly.