Shakhawat Hossain
The point-to-point inflation came down to single digit in October after staying double-digit in previous three months, officials said Sunday.
The officials, however, said the general index for the same month was still high signaling that the market is yet to come out of the inflationary trend.
"The inflation on point-to-point basis stood at 7.26 per cent in the last month," said a Bangladesh Bureau of Statistics (BBS) official.
In the months of July, August and September it remained at 10.82 per cent, 10.11 per cent and 10.19 per cent.
The point-to-point inflation was 10.06 per cent in October of the previous fiscal which suggested that volatility in price situation had not over, said the official.
Another BBS official pointed out that general index witnessed very little change in October over the previous month.
"The general index hovering at around 210.14 points in September witnessed a minor drop," said the official, adding that such trend was not good.
"The market is still not out of inflationary threat," added the official.
To curb the inflation that has been a major worry for the managers of the country's economy during the last one year the Bangladesh Bank (BB) increased its repo rate --- the key short term interest rate --- by 25 percentage points in September last.
The international monetary fund (IMF) welcomed the BB decision. But some experts opposed the BB's move.
Zaid Bakth of the Bangladesh Institute of Development Studies (BIDS) said: "Three years back the central bank did the same thing. But it did not work,"
"I am not sure how much it will help this time around. I think the timing was not appropriate to adopt contractionary monetary policy," he said.
Point-to-point inflation 7.26pc in October
FE Team | Published: November 24, 2008 00:00:00 | Updated: February 01, 2018 00:00:00
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