Fall in food prices drives Sept inflation down
FE REPORT | Thursday, 3 October 2024
A significant fall in food inflation has facilitated a drop in the overall consumer price index (CPI) in September last, official data showed on Wednesday.
The rate of point-to-point inflation at the national level in the last month decreased by 0.57 percentage points to 9.92 per cent from 10.49 per cent in the previous month, Bangladesh Bureau of Statistics (BBS) data, unveiled on Wednesday, show.
On point-to-point basis, the inflation rate in September 2023 was recorded at 9.63 per cent.
According to the BBS, the food inflation on point-to-point basis at the national level dropped by 0.96 percentage points to 10.40 per cent in the last month from a higher rate of 11.36 per cent in August.
On the other hand, the non-food inflation dropped by 0.24 percentage points to 9.50 per cent in September this year from that of 9.74 per cent in the previous month, BBS data showed.
In the last month, the inflation rate in rural Bangladesh was dropped to 10.15 per cent from that of 10.95 per cent in August, the BBS data showed.
Meanwhile, the food inflation rate in villages was recorded at 10.38 per cent in September this year lower from 11.44 per cent in the previous month.
However, the non-food inflation in rural areas declined to 9.91 per cent in last month from 10.45 per cent in the previous month.
In the urban areas, the rate of inflation in last month was recorded at 9.83 per cent, 0.74 percentage points lower than the previous month, the BBS data showed.
The food inflation in the urban areas was recorded at 10.50 per cent in the last month against 11.24 per cent in August last.
Meanwhile, the non-food inflation increased to 9.38 per cent in the last month from 9.20 per cent in August in the towns, the BBS data showed.
The 12-month average inflation rate between October 2023 and September 2024 was recorded at 9.29 per cent.