Inflation to come down below 7pc in next FY, hopes Muhith

Finance Minister AMA Muhith said Thursday  the general inflation in Bangladesh will be hovering around 7.0 per cent by June 2014 and will reduce further at the end of the next fiscal year (FY 15), according to a news agency.
“Factoring in the declining trend in food and energy price in the international markets along with satisfactory domestic agricultural production and supportive monetary policy, I believe the general inflation in Bangladesh will be hovering around 7.0 per cent by June 2014 and will reduce further at the end of the next fiscal year,” he told Parliament while placing the national budget for Fiscal year 2014-15.
He said the government was quite successful in containing inflation as at the end of June in the last fiscal year, the point-to-point inflation was 8 percent that came down to 7.4 percent at the end of April in the current fiscal year (2013-14).
This time, the Finance Minister said, non-food inflation declined to 5.2 per cent. But, he noted that food inflation sneaked up as there was disruption in supply due to continued strikes and blockades at the beginning of this fiscal year.
“However, I hope the declining trend in food price in the neighboring as well as other countries will pull down the price of food grains in the coming days,” he added.