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Inflation dips slightly in July

07 Aug,2018

BDchronicle:

The point-to-point inflation rate dropped by 0.03 percentage point in the first month of the current fiscal (FY19), according to the official data.

As per Bangladesh Bureau of Statistic (BBS) data, unveiled Tuesday, inflation dropped to 5.51 per cent in July compared to that of 5.54 per cent in the previous month.

According to the BBS data, the point-to-point inflation in July 2017 was recorded higher at 5.57 per cent.

Emerging from the Executive Committee of the National Economic Council (ECNEC) meeting Tuesday in Dhaka, Planning Minister AHM Mustafa Kamal, unveiled the data of the consumer price index (CPI) of the country.

The point-to-point inflation rate in the food items in the last month July was recorded higher at 6.18 per cent compared to 5.98 per cent in the previous month June.

For the non-food items, the inflation rate dropped to 4.49 per cent in July from 4.48 per cent in June 2018.

The BBS data also showed that inflation rate was higher in the urban areas than in rural areas.

The inflation rate was 6.37 per cent in July in urban areas while it was 5.04 per cent in rural areas. 

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