United News of Bangladesh

The point-to-point inflation in Bangladesh edged up slightly to 8.36 percent in September, from 8.29 percent in August. According to data released by the Bangladesh Bureau of Statistics (BBS) on Monday, the rate was significantly higher at 9.92 percent during the same month last year. Inflation has now remained above 8 percent for more than three years since August 2022. The BBS data shows that both food and non-food inflation increased in September. Food inflation rose to 7.64 percent from 7.60 percent in August, while non-food inflation climbed to 8.98 percent from 8.90 percent. Inflation falls to 8.29% in August, lowest in over 3 years A year earlier, in September 2024, food inflation stood at 10.40 percent and non-food inflation at 9.50 percent. Rural areas experienced slightly higher inflationary pressure than urban areas last month. Rural inflation rose to 8.47 percent in September from 8.39 percent in August. In the same month last year, it was 10.15 percent. In rural regions, food inflation edged up to 7.54 percent from 7.50 percent, while non-food inflation increased to 9.40 percent from 9.28 percent. In urban areas, overall inflation inched up to 8.28 percent in September from 8.24 percent the previous month. Urban food inflation rose to 7.94 percent from 7.87 percent, while non-food inflation moved slightly higher to 8.51 percent from 8.49 percent. Meanwhile, the BBS data shows that the general wage growth rate slipped to 8.02 percent in September from 8.15 percent in August. In September last year, the rate was 8.01 percent — marking the 44th consecutive month that wage growth has trailed behind inflation.  

Bangladesh’s general inflation ratio in November 2022 dropped slightly to 8.85 percent (point to point). In last three months, the ratio of inflation dropped. In October, the inflation rate was 8.91 percent, while September saw an inflation rate of 9.1 percent. Fuel price hike in August pushed the point-to-point inflation in a decade-highest 9.52 percent, which had dropped by 0.61 percent in the last two months. Read: Inflation in Bangladesh falls slightly in Oct to 8.91% Inflation in Bangladesh decreased mainly due to fuel prices normalizing in the global market, strengthening supply of subsidized essential food items through TCB, and a surplus of winter vegetables, said Planning Minister MA Mannan while talking to reporters at the Secretariat on Monday (December 05, 2022). The consumer price index (CPI) data prepared by Bangladesh Bureau of Statistics (BBS) saw that non-food inflation and other inflation in November was 8.14 percent and 9.98 percent respectively, while it was 8.50 percent and 9.58 percent in October. However, general inflation increased slightly in rural areas in November and it stood at 8.98 percent, while it was 8.92 percent in October. Read: Inflation: UN expert for increasing benefits, wages or lives will be lost The general inflation in urban areas of Bangladesh has decreased point to point 8.70 percent, while it was 8.90 percent in October 2022.

The inflation rate declined to 5.02 percent in January last from 5.29 percent in the previous month (December).