admin- Headline Inflation (Year-on-Year) – National level
The headline inflation in July increased to 3.64 percent. This increase was mainly driven by increase in both the Food and Non-food indices. The average inflation from January 2025 to June 2025 is 3.35 percent.
1.1 Food Inflation
The Food inflation increased to 5.94 percent in July 2025. Within the Food category, the Food & non-alcoholic beverages index recorded an increase of 6.10 percent, and the Alcoholic beverages & betel nuts index saw an increase of 4.08 percent.
1.2 Non-food Inflation
The Non-food inflation increased to 1.57 percent in July 2025. Under non-food, the Clothing & footwear index saw an increase of 4.85 percent, the Furnishing, household and routine household maintenance index increased to 3.71 percent, and Restaurants & hotels index increased 3.46 percent. Meanwhile, the Communication and Transport index saw a drop of -3.05 percent and -1.65 percent respectively.
Headline Inflation (Month-on-Month) – National Level
The month-on-month inflation increased to 1.65 percent in July 2025. This increase was driven by increase in the indices of both Food and Non-food.
- Regional Headline Inflation (Month-on-Month) –Capital City – Thimphu
Month-on-month inflation for the Capital City increased to 1.89 percent in July 2025. This increase was mainly driven by increases in the indices of both Food and Non-food.
- Central Region (Bumthang, Dagana, Sarpang, Zhemgang, Trongsa, Tsirang)
In July 2025, the month-on-month inflation for the Central region increased to 1.74 percent compared to the previous month.
- Western Region (Gasa, Punakha, Thimphu, Wangdue Phodrang, Haa, Paro, Samtse, Chhukha)
In July 2025, the month-on-month headline inflation of the Western region increased to 1.53 percent. This was mainly driven by increase in the index of both Food and Non-food.
- Eastern Region (Monggar, Trashigang, Trashi Yangtse, Lhuentse, Pema Gatshel, Samdrup Jongkhar)
In July 2025, the month-on-month headline inflation rate for the Eastern region increased to 2.24 percent, driven by increase in the Food as well as Non-food index.
- Annual average Inflation – National Level
The annual average national headline inflation from January 2024 to December 2024 eased to 2.82 percent in 2024, down by 1.41 percentage points from 4.23 percent in 2023. The downward trend in inflation were primarily driven by a slower annual increment in food and non-food index.
Average food inflation decelerated to 0.48 percent from 3.97 percent in 2023. This deceleration was due to easing of Food & non-alcoholic beverages index to 0.49 percent and that of Alcoholic beverages & betel nuts to 0.24 percent.
In 2024, the non-food index decelerated to 0.25 percent, from 4.44 percent in 2023. This deceleration was primarily due to a drop in communication and transport index to -0.64 percent and -0.14 percent respectively.
Purchasing Power of the Ngultrum – National Level
The purchasing power of the Ngultrum, as measured by CPI, stood at Nu. 54.5 as of July 2025 as compared to December 2012. This means, Nu. 100 in July 2025 is worth only Nu. 54.5 at December 2012 prices. The Purchasing Power of the Ngultrum has eroded by 3.52 percent in the last year (from July 2024 to July 2025) due to price increases in the economy.
For detailed information, please visit our website at https://www.nsb.gov.bt/publications/price-statistic/consumer-price-index/