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The Financial Express

Inflation drops to 5.35pc in May

| Updated: June 02, 2020 17:55:35


Picture used for representational purpose - Collected Picture used for representational purpose - Collected

The point-to-point inflation rate in May dropped to 5.35 per cent compared to that of 5.96 per cent in the previous month (April), official data showed.

A year ago in May 2019, the inflation rate was recorded at 5.63 per cent.

Bangladesh Bureau of Statistic (BBS) data, unveiled Tuesday, showed that the point-to-point inflation for the food item dropped significantly to 5.09 per cent in the last month from that of 5.91 per cent in the previous month of April.

The inflation rate for the non-food items also fell to 5.75 per cent in May than that of 6.04 per cent in the previous month, the BBS data said.

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

He told reporters that the inflation both in the urban and rural areas had also dropped slightly.

In the rural Bangladesh, the inflation rate in May was recorded at 5.65 per cent in the past month May compared to 6.08 per cent in April this year.

In the urban area, the point-to-point inflation was also recorded lower at 4.81 per cent in the last month from that of 5.73 per cent in the previous month April.

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