Govt predicts 5.6pc inflation for 2018-19

FE Online Report | Published: June 07, 2018 15:37:03 | Updated: June 10, 2018 10:51:59


The government has forecasted the inflation rate at a comfortable level of 5.6 per cent in the next financial year (FY) 2018-19.

As for the outgoing FY2018, the target rate was revised up to 5.8 per cent from its preliminary target of 5.5 per cent.

Latest data of Bangladesh Bureau of Statistics (BBS) showed that the rate of point-to-point inflation in May was recorded lower at 5.57 per cent as the price of some daily items was continuing to ease.

In April last, the inflation was 5.63 per cent, it showed.

According to the BBS data, the point-to-point inflation a year ago in May 2017 was recorded higher at 5.76 per cent.

Bangladesh is at a comfortable level in terms of the inflationary pressure over the last few years as the global oil and food prices were almost stable.

kabirhumayan10@gmail.com

Share if you like