Inflation falls to 8.85pc in November

Inflation declined to 8.85 per cent in November from 8.91 per cent in the previous month as food prices eased. That means the Consumer Price Index fell for the third straight month.

Food inflation fell to 8.14 per cent in November from 8.50 per cent in October, while non-food inflation rose to 9.98 per cent in November from 9.58 per cent in the previous month, according to data released by the Bangladesh Bureau of Statistics on Monday, reports bdnews24.com.

“When the general inflation rate of the country hit double figures, I said it would fall,” Planning Minister MA Mannan said at a media conference in Dhaka.

“We are hopeful that this trend of falling inflation will continue into December.”