3 years ago

Inflation up in June

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The point-to-point inflation rate in last month June increased by 0.67 percentage points to 6.02 per cent due to significant rise of the food inflation, official data showed.

In May, the rate of inflation was recorded at 5.35 per cent while the rate was 5.96 per cent in April.

A year ago in June 2019, the inflation rate was recorded at 5.52 per cent.

Bangladesh Bureau of Statistic (BBS) data, unveiled Monday, showed that the point-to-point inflation for the food item swelled significantly to 6.54 per cent in June from that of 5.09 per cent in the previous month May.

The inflation rate for the non-food items, however, dropped to 5.22 per cent in the last month from that of to 5.75 per cent in May, the BBS data said.

Emerging from the Executive Committee of the National Economic Council (ECNEC) meeting in Dhaka, Planning Minister MA Mannan, unveiled the data of the consumer price index (CPI) of the country.

He told reporters that the inflation has increased in June due to disruption of supply chain for flood and rains and damage of vegetable and other crops for the floods.

He hopped that the inflation rate will ease again in the coming months.

In the rural Bangladesh, the inflation rate in June was recorded higher at 6.02 per cent from that at 5.65 per cent in the previous month May.

In the urban area, the point-to-point inflation was also recorded higher at 6.03 per cent in last month from that of 4.81 per cent in May.

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