Update: 6 September, 2018 19:20 PM
Inflation slightly eases to 5.48 percent in August

Inflation slightly eases to 5.48 percent in August

The general point to point inflation rate in August last slightly eased to 5.48 percentage point from the previous month due to the slight decrease in food inflation.

“The general point to point inflation rate slightly eased to 5.48 percentage point in August,” Planning Minister AHM Mustafa Kamal said while releasing the monthly consumer price index at a ‘Meet the Press’ held at the NEC conference room in the city’s Sher-e-Bangla Nagar area today.

The general point to point inflation rate in July was 5.51 percentage point down from 5.54 percentage point in June. The general point to point inflation rate in May was 5.57 percentage point down from 5.63 percentage point in April. The inflation rate in March was 5.68 percentage point while it was 5.72 percentage point in February.

The general point to point inflation rate in January was 5.88 percentage point.

According to the data of Bangladesh Bureau of Statistics (BBS), the point to point food inflation slightly declined to 5.97 percent in August, 2018, which was 6.18 percent in July, 2018.

After revealing the data, the Planning Minister said the inflation was on the declining trend last month as there was no mismatch in the demand and supply side.

“The government was also very vigil in this regard,” he said.

The BBS data shows that the point to point non-food inflation rate, however, increased slightly to 4.73 percent in August 2018 up from 4.49 percent in July, 2018.

Besides, the general inflation rate at the urban level in August declined slightly to 6.28 percent while it was 5.05 percent at rural level.

At the rural level, the food inflation remained at 5.34 percent in August, which was also 5.34 in July, while the non-food inflation increased to 4.51 percent in August against 4.49 percent in July this year.

In urban areas, food inflation also declined to 7.39 percent in August down from 8.08 percent in July. The non-food inflation rate, however,
witnessed a slight rising trend with 5.04 percent in August which was 4.50 percent in July last.

The national wage index rate witnessed a 6.38 percent growth in August with 155.50 point against 6.49 percent growth with 155.15 point in July.

The average year-to-year rate of inflation from September 2017 to August 2018 increased to 5.74 percent, which was 5.50 percent from September 2016 to August 2017.

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