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Inflation slightly slips to 5.51pc in July

WT24 Desk

The general point-to-point inflation in the country slightly eased to 5.51 percent in July last down from 5.54 percent in June although prices of different food items including rice increased, Agencies report.

“The general point-to-point inflation rate slightly came down at 5.51 percent in July and it was 5.54 percent in June,” said Planning Minister AHM Mustafa Kamal on Tuesday while releasing the monthly consumer price index (CPI) after the day’s Ecnec meeting.

He said the general point-to-point inflation rate in July 2017 was 5.57 percent.

According to data of the Bangladesh Bureau of Statistics (BBS), the point-to-point food inflation slightly increased to 6.18 percent in July from 5.98 percent in June as prices of rice, fish, meat, egg, spices and fruits went up.

But the BBS data showed that the point-to-point non-food inflation rate declined to 4.49 percent in July 2018 down from 4.87 percent in June, 2018. Besides, the general inflation rate at the urban level declined to 6.37 percent in July from 6.39 percent in June.

At the rural level, the food inflation slightly came down at 5.04 percent in July from 5.07 percent in the previous month.

The point to point national wage index witnessed an increasing trend with 6.49 percent in July as against 6.31 percent in June.

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