Planning Minister MA Mannan has said that overall inflation edged down to 8.91 per cent on a point-to-point basis in October and hoped it would maintain the downward trend in the coming days.
Meanwhile, the wage growth rate rose to 6.91 per cent in October from 6.86 per cent in September, Mannan said after a meeting of the Executive Committee of the National Economic Council on Tuesday.
“The slight easing of the inflation rate and the wage growth rate ticking up will give lower-income people some relief,” he said.
Consumer prices hit a 10-year high of 9.52 per cent in August before slipping to 9.1 per cent in September.
Food inflation came down to 8.50 per cent in October from 9.08 per cent in the previous month, while non-food inflation rose to 9.58 per cent in October from 9.13 per cent in September.