Point-to-point inflation drops in April
FHM Humayan Kabir | Sunday, 8 June 2008
The point-to-point inflation has dropped by 2.4 percentage point in April from 10.06 per cent in the previous month March due to increase in the income of people, the government claimed Saturday.
The Bangladesh Bureau of Statistics (BBS) has showed that the point-to-point inflation stood at 7.66 per cent in April falling from 10.06 per cent in March.
Out of the 7.66 per cent inflation, the food inflation accounted for 9.82 per cent while the non-food 4.16 per cent.
In March the food inflation was 12.92 per cent while the non-food 5.63 per cent, the BBS statistics said.
"The inflation in April has dropped to 7.7 per cent (7.66 per cent)," finance and planning adviser Mirza Azizul Islam told reporters Saturday in the city.
When asked about the reasons behind the sharp fall in the inflation rate in April, he said: "Everybody calculates the prices of Dhaka city only. Nobody goes outside Dhaka. The price in the rural areas has fallen remarkably which helped the inflation to decrease," Mirza Aziz said.
The point-to-point inflation jumped to 9.20 per cent in June last year from 8.05 per cent in the previous month of May. Since June last year the inflation has been maintaining double digit until March this year.
The inflation rate had touched double digit in recent moths due to higher prices of different commodities in the global markets and repeated natural disasters in the first half of the current fiscal in the country.
In December last year the point-to-point inflation stood at the maximum 11.59 per cent which had later started dropping.
The BBS statistics showed that the point-to-point inflation in the rural areas in April dropped to 7.68 per cent from 10.08 per cent in March while in the urban areas it decreased to 7.59 per cent in April from 10.02 per cent in March.
UNB adds: Finance Adviser Dr Mirza Azizul Islam Saturday wondered how the people's income could decline by 37 percent in the last two and half years as civil society think tank CPD estimated.
"If we consider the inflation even at 11 percent, how can the income fall by 37 percent," he said, replying to a question at a press briefing on ADP approval at the conference room of NEC.
Replying to another question, the Finance Adviser also expressed surprise how CPD collected data to estimate that the poverty increased by 8.5 percent in the last two and half years.
The Bangladesh Bureau of Statistics (BBS) has showed that the point-to-point inflation stood at 7.66 per cent in April falling from 10.06 per cent in March.
Out of the 7.66 per cent inflation, the food inflation accounted for 9.82 per cent while the non-food 4.16 per cent.
In March the food inflation was 12.92 per cent while the non-food 5.63 per cent, the BBS statistics said.
"The inflation in April has dropped to 7.7 per cent (7.66 per cent)," finance and planning adviser Mirza Azizul Islam told reporters Saturday in the city.
When asked about the reasons behind the sharp fall in the inflation rate in April, he said: "Everybody calculates the prices of Dhaka city only. Nobody goes outside Dhaka. The price in the rural areas has fallen remarkably which helped the inflation to decrease," Mirza Aziz said.
The point-to-point inflation jumped to 9.20 per cent in June last year from 8.05 per cent in the previous month of May. Since June last year the inflation has been maintaining double digit until March this year.
The inflation rate had touched double digit in recent moths due to higher prices of different commodities in the global markets and repeated natural disasters in the first half of the current fiscal in the country.
In December last year the point-to-point inflation stood at the maximum 11.59 per cent which had later started dropping.
The BBS statistics showed that the point-to-point inflation in the rural areas in April dropped to 7.68 per cent from 10.08 per cent in March while in the urban areas it decreased to 7.59 per cent in April from 10.02 per cent in March.
UNB adds: Finance Adviser Dr Mirza Azizul Islam Saturday wondered how the people's income could decline by 37 percent in the last two and half years as civil society think tank CPD estimated.
"If we consider the inflation even at 11 percent, how can the income fall by 37 percent," he said, replying to a question at a press briefing on ADP approval at the conference room of NEC.
Replying to another question, the Finance Adviser also expressed surprise how CPD collected data to estimate that the poverty increased by 8.5 percent in the last two and half years.