Bangladesh inflation
Inflation decreases by 1.17 % in August: BBS
The overall inflation decreased by 1.17 percent in August compared to last July, according to a report published by the Bangladesh Bureau of Statistics (BBS) on Sunday.
According to BBS, the overall inflation was 11.66 percent in July, which declined to 10.49 percent in August.
Besides, food inflation declined to 11.36 percent in August, from 14.10 percent in July.
However, non-food sector inflation rose slightly. Inflation in this sector stood at 9.68 percent in July, which increased slightly to 9.74 percent in August.
Inflation rate in Bangladesh eases to 9.92% in Sept
In July, inflation reached its highest level in the last 13 years, with overall inflation crossing double digits during the student quota reform movement. The overall inflation rose to 11.66 percent that month, compared to 9.72 percent in June.
Similarly, food inflation reached 14 percent in July, the highest in the past 13 years. The previous peak was in April 2011, when food inflation was at 14.36 percent. Since then, food inflation has not surpassed 14 percent.
2 months ago
Bangladesh saw 7.56 pc inflation in June, highest in 8 yrs
Bangladesh witnessed an eight-year high 7.56 per cent inflation in June, last month of FY 2021-22, the latest BBS data revealed on Tuesday.
Bangladesh Bureau of Statistics (BBS) is a responsible state entity for maintaining inflation and the GDP statistics.
This important and sensitive indicator of the economy rose by 7.42 per cent in May. In June, the index increased by another 0.14 per cent to 7.56 per cent.
It means, in June 2021, a product or service that had to be spent was Tk100, in June 2022, for similar product or service one had to spend Tk107.56.
The BBS data showed that the average inflation rate at the end of the FY 22 stood at 6.15 per cent, which is 85 per cent higher than the fiscal target.
Read: Rising inflation hurts rural people more than their urban counterparts: BBS
The government was able to fix it at 5.30 per cent in the last financial year (FY 21).
In June 2022, food inflation was 8.37 per cent. It was 8.30 per cent in May. Non-food inflation increased from 6.08 per cent to 6.33 percent during this time.
According to BBS statistics, the overall average inflation rate in the FY 12 was 10.62 per cent. Food inflation was 10.47 per cent at that year and non-food inflation was 11.15 per cent.
In FY 13, overall inflation came down to 7.70 per cent. Food inflation was 7.25 per cent in that year and non-food inflation was 8.43 per cent.
In June prices of boro rice, flour, mugdal, molasses, rui fish, hilsa, catfish fish, meat, eggs and milk have gone up. Soybean, dried chilli, onion, ginger, garlic, potato, green chilli, papaya, milk, cloth, melamine utensils are also expensive. Prices of cement, kerosene, coconut oil, cigarettes, and white pepper also went up.
2 years ago