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July inflation drops to 15-month-low

FE Report | August 08, 2018 00:00:00


The point-to-point inflation rate declined to 5.51 per cent in July, which is the lowest in 15 months, official data showed.

According to the Bangladesh Bureau of Statistics (BBS) data, unveiled on Tuesday, the inflation rate was at the lowest level in last month after April 2017.

In April last year, the point-to-point inflation was 5.47 per cent, the BBS data showed.

The inflation rate, recorded during the last 15 months (from May 2017 to June 2018), did not drop below the rate of this July.

Emerging from a meeting of the Executive Committee of the National Economic Council (ECNEC) on Tuesday, Planning Minister A H M Mustafa Kamal said the inflation decreased slightly by 0.03 percentage points in July compared to 5.54 per cent in June.

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

The BBS data showed that the food inflation rate in July 2018 was recorded at 6.18 per cent compared to 5.98 per cent in the previous month.

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

In the urban areas, the inflation rate was higher than that in the rural areas, the BBS data showed.

In the urban areas, the inflation rate was 6.37 per cent in this July, while in the rural areas it was recorded 5.04 per cent.

BBS also unveiled the wage index data, where it showed that the rate of wage index increased to 6.49 per cent in July compared to that of 6.31 per cent in June.

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